Aevo Introduces Trading, Staking Rewards Program

Aevo (AEVO) introduces a trading and staking reward program, allowing users to boost their holdings by trading on the platform and staking RBN.

Aevo (AEVO), a decentralized platform for trading derivatives with an emphasis on options and perpetual trading, said that as part of its trading and staking reward program, traders and holders of AEVO/RBN tokens now have the opportunity to enhance their AEVO holdings over a period of four months. By trading on the it’s platform and staking RBN or it’s tokens, users can earn there token. It’s rewards will be available for retrieval on April 10, 2024.

The statement states that every perpetual futures or options trade on the token adds to an adjusted boosted volume. This adjusted boosted volume, rather than actual volume, is what determines the user’s proportionate share of the token emissions across trades.

Users’ trading volume over the preceding seven days will decide the farm boost they receive in each deal, which can range from 1x to 4x. The base boost is capped at 4x for volumes over $5 million.

The base boost for subsequent transactions is accelerated by trading more frequently, and the base farm boost decays based on a trailing seven-day window when trading is stopped.

With different odds depending on rarity, one of the user’s trades could at any given time earn a lucky farm increase worth 10x to 100x. With twice the chance of hitting a rare boost, sAEVO holders have roughly a 20% chance of a 10x boost, a 5% chance of a 50x boost, and a 2% chance of a 100x boost.

In contrast, non-sAEVO holders have roughly a 10% chance of a 10x boost, a 2.5% chance of a 50x boost, and a 1% chance of a 100x boost.

More trades increase the probability of getting a higher farming boost, meaning there’s a higher chance of getting a 100x farm boost on top of the base boost. The chance of finding a rare farm boost, which can be anywhere from 10x to 100x on any given trade, is roughly 13.5% for sAEVO holders and about 27% elsewhere.

Each week, we will guarantee a minimum base emission of 1.1 million of the token and a maximum emission of 6.05 million of the token. We will examine the the token emissions for succeeding epochs before initiating a new one. We will guarantee a minimum base emission of 200,000 of the token and a maximum emission of 1.1 million of token for AEVO/RBN staking each week, subject to revision prior to a new epoch.

Airdropping AEVO Tokens and Making Their Launchpool Debut on Binance

In order to save expenses for consumers engaging with the chain, the token is built on Aevo Layer 2, an Ethereum rollup based on Optimism’s open-source development framework OP Stack, which uses Celestia for data availability and Conduit for infrastructure management. The project has finished three funding rounds, raising a total of $16.6 million, with the goal of developing a Decentralized Finance (DeFi) super-app, starting with derivatives trading.

The governance token for it is AEVO, the company’s native token. On March 13, 2024, the project launched its token via airdrop. The token has a 1,000,000,000 token maximum supply as of that date, with 110,000,000 tokens in circulation.

Aevo, the 48th project on the Binance Launchpool, was just unveiled. It lets users farm it’s tokens by staking BNB and FDUSD. We completed the farming and staking procedures last week.