Step ByStep for making Aevo airdrop (Basic)
Aevo is a significant player in the DeFi Derivatives segment, operating a decentralized derivatives/futures exchange akin to platforms like dYdX, Vertex Protocol, GMX, and Perpetual Protocol, currently boasting a 24-hour trading volume exceeding 700 million USD. While still considerably smaller compared to giants like Binance, Aevo’s trading volume is on par with other major players such as BitMex, dYdX, Kraken, WooX, etc. Aevo supports deposits and withdrawals in USDC or ETH across three blockchains: Ethereum, Optimism, and Arbitrum. However, its standout feature is the use of an Off-chain system for order placement and execution, enhancing user experience by requiring only a single click for trading actions, similar to the ease provided by Binance (without the need for wallet signatures for each transaction).
Regarding its product offerings, Aevo is highly regarded for its polished, user-friendly platform that rivals dYdX, catering well to both novice and professional traders. With Aevo, users can engage in derivative trading, future contracts, OTC trading, and options contracts. Additionally, Aevo offers a stablecoin savings feature, allowing users to deposit USDC to earn a 4.75% interest rate. This interest generation is facilitated through the Maker DAO’s Dai Savings Rate module, providing an innovative approach to leverage idle assets.
Aevo’s transformation from Ribbon Finance is noteworthy. Ribbon Finance, initially focused on combining options, future contracts, and fixed income sources to enhance investor profits and market liquidity, particularly in the options market (DeFi Options Vaults), faced challenges in widespread adoption due to the complexity of DeFi Options Vaults for the average DeFi user. Despite leading the niche with a Total Value Locked (TVL) of 13 million USD, the overall TVL in this segment was modest at around 25 million USD. This pales in comparison to emerging sectors like Restaking, which quickly amassed a TVL of 7 billion USD. Consequently, the Ribbon team decided to rebrand Ribbon Finance to Aevo, shifting focus towards a more accessible and understandable product for the DeFi community, which led to significant success.
The potential for an AEVO airdrop is also a point of interest. Despite Ribbon’s moderate success, the innovative concept behind the Ribbon (RBN) token secured it a Market Cap of 260 million USD and a Fully Diluted Valuation (FDV) of 480 million USD. With the recent announcement of RBN’s conversion to AEVO at a 1:1 ratio, maintaining the total supply at 1,000,000,000 AEVO (identical to RBN), and the decision by Ribbon investors to extend their token vesting for an additional year to support the project long-term, the groundwork is laid for encouraging Aevo’s growth, including an airdrop initiative to incentivize trading activity on the Aevo platform. Although the AEVO token contract has been created, details regarding the transition from RBN and the airdrop have not been fully disclosed, presenting a unique opportunity for interested parties.
Considering the strategic rebranding and development focus, even with limited capital, there’s potential to participate in the Aevo airdrop. The selection criteria for airdrop projects typically include leading innovative projects, projects generating revenue and profit, and teams with the capability for long-term project development — all of which Aevo meets. However, for DEX projects where airdrops are based on trading volume, competing with large asset holders might seem daunting. Fortunately, Aevo calculates rewards based on Boosted Volume rather than standard volume, incorporating a multiplier effect that can significantly enhance the volume credited to traders, thereby leveling the playing field for participants with smaller capital.
An estimation of the AEVO airdrop amount based on market capitalization and FDV suggests that engaging in trading activities on Aevo, especially utilizing the Boosted Volume program, could yield substantial rewards for participants. Detailed instructions for participating in the Aevo airdrop include preparing USDC/ETH on the Arbitrum or Optimism networks, engaging in buy/sell orders for long/short positions, and strategically opening and closing positions to maximize volume, all while managing transaction fees and slippage to optimize potential airdrop gains.
This comprehensive overview not only highlights Aevo’s innovative approach to DeFi derivatives trading but also outlines the potential benefits and strategies for individuals interested in participating in its ecosystem, particularly through the anticipated airdrop program.
