Binance Labs, the venture capital arm of Binance, has made a strategic investment in Aevo. Aevo is a high-performance Layer 2 (L2) platform built on top of the OP Stack.
Aevo was previously known as the DeFi options protocol Ribbon Finance. The rebranding was voted upon in Ribbon Finance’s RGP-33 governance proposal. Notably, Aevo has received backing from prominent crypto venture capital platforms, including Paradigm, Dragonfly, and Coinbase Ventures.
As Aevo grows, DAO committees will introduce incentives, token liquidity, and community expansion.