Aevo Protocol Announces Launch of Native Token with Airdrop
Derivatives trading protocol Aevo has revealed its plans to launch its native Aevo token. The project will distribute a portion of the token supply to early adopters through an Aevo token airdrop. In addition, Aevo will be launching a farming program in the near future, where rewards will be distributed in the form of Aevo tokens.
Aevo Token Airdrop Comes With Farming Program
The farming program on Aevo will have criteria based on volumes, fees, and user loyalty. Users who demonstrate loyalty by actively using Aevo will have the opportunity to earn more rewards through a “Farming Boost” multiplier. At the end of the farming program, users will be able to claim their earned Aevo tokens, along with any previously accrued earnings.
Aevo and Ribbon Finance
Aevo was originally part of DeFi project Ribbon Finance until it was folded into Aevo after a vote by Ribbon DAO holders. Aevo utilizes a Layer 2 optimistic rollup built with the Conduit rollup platform and aims to provide low transaction fees and scalability. Initially focused on decentralized options, Aevo later expanded to include perpetuals.
Hot Take: Derivatives Trading Protocol Launches Native Token with Airdrop
Aevo’s launch of its native token and accompanying airdrop demonstrates its commitment to rewarding early adopters and promoting user loyalty. By offering a farming program with incentives and multipliers, Aevo aims to engage its users and provide them with opportunities to earn more tokens. The integration of Ribbon Finance into Aevo further strengthens its position in the decentralized finance space. With its Layer 2 infrastructure and focus on scalability, Aevo is poised to attract users and establish itself as a prominent protocol in the crypto industry.
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