Aevo is a high-performance decentralized options trading exchange hosted on Aevo Chain, a custom L2 rollup built on the Optimism stack in collaboration with Conduit.
Aevo was officially launched Apr 7, 2023 and currently holds ~2.2M TVL as of April 16, 2023
Users bridge USDC from Ethereum Mainnet to Aevo Chain using a fork of the Optimism Standard Bridge. There have been no publicly announced plans to allow additional cryptocurrencies to bridge to Aevo.
Other Ribbon Finance products include Ribbon Earn (launched Aug 2022, $7.1M TVL as of Apr 2023), and Ribbon Theta Vaults (launched Apr 2021, $34.4M TVL).
USDC
Trading fees: 0.05% of notional (taker), 0.03% of notional (maker)
Settlement fees: 0.015%
Liquidiation fees: 0.5% of notional
Ribbon Finance was co-founded by Julian Koh and Ken Chan in 2020 and run by a team of known and anon contributors.
Ribbon Finance has raised an undisclosed amount in total venture backing, most recently raising $8.75 million in a strategic round led by Paradigm in March 2022.
As of April 18, 2023, these exchange contracts have not been released publicly yet, even though they’re referenced in the audits.
The Aevo Bridge is an Optimism Standard Bridge deployed as a proxy upgradable contract here. The Owner of the Aevo bridge proxy contract is the ProxyAdmin whose owner is a 2 of 3 Multisig. The main control that the ProxyAdmin has over the proxy contract is being able to upgrade the contract of the Aevo bridge.
Aevo’s L1StandardBridge implementation is deployed to 0x3e647DB560dABe7211AA8bccf427Ac0C3b62f4Cb and has no owner structure.
| Required to operate? | No |
|---|---|
| Can adjust fees? | N/A |
| Can emergency pause? | Yes (Messenger can pause) |
| Can emergency withdraw? | No |
| Can move user funds? | No |
Aevo Rollup runs as an EVM-based optimistic rollup on Ethereum.