DeFiLlama currently tracks more than 250 perpetual DEXs, and Aevo Exchange is among the platforms competing in this growing segment. Aevo Exchange is not an entirely new project. It is the upgraded version of Ribbon Finance, whose team identified clear limitations in on-chain options trading that affected scalability and user adoption. With the upgrade, the platform expanded beyond options into a broader derivatives exchange that supports perpetuals and tokenized exposure to assets such as commodities and equities. In this Aevo exchange review, we will cover its key features, fees, and the overall trading experience it offers.

Aevo Exchange Overview

아에보 traces its roots back to Ribbon Finance, a DeFi protocol founded in 2020 by Julian Koh that initially focused on on chain options trading. Over time, the team expanded the platform beyond its original scope, turning it into a broader derivatives exchange that now supports perpetuals, options, and tokenized exposure to assets such as commodities and equities, all within a single platform.

The exchange has since grown to serve more than 250K users and has processed over $68.7B in cumulative perpetual trading volume. Aevo aims to deliver a CEX like experience within a DEX environment by using a hybrid model. It relies on an off chain order book for fast trade matching while keeping settlements on chain for security, allowing the platform to reach execution latency under 10 milliseconds and throughput exceeding 5,000 transactions per second.

Aevo currently focuses only on leveraged markets, as spot trading is not available on the platform. It offers more than 142 perpetual contracts across several asset categories, including cryptocurrencies, indices, commodities, equities, and options, with leverage of up to 20x. The platform applies a fixed fee structure for derivatives and options trading. For perpetual futures, maker fees start at 0.05% while taker fees are 0.08%, with discounts for users who stake AEVO. In the options market, maker fees are 0.03% and taker fees are 0.05%.

Beyond trading, Aevo has its native token, $AEVO, which can be staked on the platform to earn yield. Users also get access to Aevo Multi Asset Strategies, another yield generating feature designed for passive participation. For institutions or professional traders, Aevo offers an RFQ system that allows large orders to be executed efficiently, along with an OTC desk for negotiated trades.

To maintain stability during volatile market conditions, Aevo has several protection mechanisms in place. Its risk engine analyzes every order before it reaches the order book, while the liquidation engine is designed to remain predictable and conservative to reduce the chances of cascading liquidations.

From a security perspective, the platform has been audited by Veridise, which reviewed its governance and exchange components, and by Spearbit. However, Aevo’s earlier infrastructure inherited a security incident from the legacy Ribbon Finance options vaults, where a $2.7 million exploit occurred due to an oracle upgrade mismatch that created decimal inconsistencies and access control issues.

Aevo Exchange Pros and Cons

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Aevo Exchange KYC and Sign-up

Aevo is a fully decentralized platform, which means users can skip the KYC process entirely. Instead of creating a traditional account, you can simply connect your Web3 wallet and start using the exchange. Here is how you can create your Aevo account and start trading.

1 단계 : 브라우저를 열고 공식 사이트를 방문하세요. 아에보 website. On the homepage, click the "런치 익스체인지" 거래 플랫폼에 접속하는 버튼입니다.

2 단계 : Once the interface loads, click on the "연결" button to begin linking your Web3 wallet.

3 단계 : A Terms of Service prompt will appear on your screen. Review it and click "계속하다" 전진하다.

4 단계 : Select the Web3 wallet you want to connect. Aevo supports Ethereum and other EVM networks, so you can choose any EVM-compatible wallet from the list.

5 단계 : After selecting your wallet, Aevo will generate a connection and signature request. Click on “Sign Message”, then approve the request inside your wallet to complete the connection process.

Once your Aevo account is set up, you can start trading on the platform after depositing funds through any of the supported networks.

지원되는 네트워크

Aevo, built on Optimism, currently supports four networks: Ethereum, Optimism, Arbitrum, and Base. Since all supported networks are EVM compatible, users can connect any EVM compatible Web3 wallet such as 메타 마스크 or 월렛 신탁 플랫폼에 액세스합니다.

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Aevo Exchange Trading

Aevo’s trading interface is designed with performance, market depth, and advanced tools in mind, rather than being simplified for beginners. The layout aims to replicate a CEX-like trading experience while operating within a decentralized setup.

The interface includes the standard trading components, such as TradingView integrated charts, a live order book, and an order form for placing trades. Visual cues are also built into the interface, such as green flashes in the order book when buy maker orders are filled. While the layout is clean and structured, it is not customizable, as there are no drag and drop features or layout tabs.

When it comes to order execution, Aevo supports both basic and advanced order types. Users can place Limit and Market orders, along with more advanced options like Stop Market, Stop Limit, TWAP, and Scale orders. The order form also includes quick action buttons and supports hotkeys, helping traders execute orders faster.

The dashboard is clean and intuitive, making most features easy to find. Users can switch between cross and isolated margin modes, although the platform does not offer sub-accounts, which limits the ability to hedge or open multiple positions on the same asset.

파생상품 거래

On the derivatives side, Aevo offers more than 142 perpetual contracts with leverage of up to 20x. Traders can access a variety of markets including cryptocurrencies, commodities, indices, and equities, giving the platform relatively strong asset coverage for a DEX.

Trading Opcje

Aevo also supports options trading, where users can trade European style call and put contracts on 2 major assets, BTC and ETH. These contracts are available across different expiry periods, including weekly, monthly, quarterly, and yearly maturities.

Aevo Exchange Deposit and Withdrawal Methods

Aevo supports four networks for both deposits and withdrawals. During deposits, users connect their Web3 wallet to Aevo and transfer funds directly to their Aevo address. The platform does not support deposits from external wallets or centralized exchange wallets.

For withdrawals, the process is similar. Users can withdraw funds from their Aevo address directly back to their connected Web3 wallet.

Aevo Exchange Fees

Aevo charges several types of fees that traders should be aware of before placing trades. Below is a quick overview of the main fees on the platform.

거래 수수료

For derivatives trading, Aevo follows a dynamic fee model where discounts are available based on the total amount of AEVO staked on the platform. Traders can receive up to a 20% fee reduction on derivatives. The base fees start at 0.05% for maker orders and 0.08% for taker orders.

For options trading, the fee structure remains fixed at 0.03% for maker orders and 0.05% for taker orders, with no staking based discounts available. Premarket trading follows a different structure, with maker orders receiving a -0.10% rebate, while taker orders are charged 0.25%.

When trading perpetuals on Aevo, users should also account for liquidation fees, which vary depending on the asset. Perpetual contracts are divided into two tiers, with liquidation fees of 1% for Tier 1 assets and 3% for Tier 2 assets. For pre launch markets, the liquidation fee is 5%, while options positions carry a liquidation fee of 0.5%.

선물 수수료

0.05 % 메이커

0.08% 테이커

옵션 수수료

0.03 % 메이커

0.05% 테이커

입금 및 출금 수수료

Deposit fees on Aevo vary depending on the network used. If you deposit through Ethereum, the platform does not charge any additional fees, and users only pay the standard network gas costs. For deposits made through other supported networks, Aevo charges a small fee ranging from 0.0001 to 0.0002 ETH to cover gas costs on the Aevo L2.

Withdrawals on Aevo are relatively expensive, as the platform charges a fixed fee of 25 USDC for each withdrawal.

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Aevo Exchange Products and Services

Let’s now look at some of the other features Aevo provides on the platform, apart from its main trading markets.

Aevo Exchange Trading

Aevo delivers a trading environment that feels closer to a centralized exchange while still operating fully on chain. The interface centers around a TradingView powered chart, paired with a live order book and a responsive order panel, allowing traders to monitor market depth and execute positions without unnecessary clutter. Order execution is quick, and the platform supports several order types including Limit, Market, Stop Market, Stop Limit, TWAP, and Scale orders.

Trading activity on Aevo mainly revolves around derivatives, with more than 142 perpetual markets covering cryptocurrencies, indices, commodities, and equities with leverage of up to 20x. In addition, traders can access European style options on BTC and ETH with multiple expiry cycles available.

Mobile PWA

Aevo does not offer a native mobile app, but users can access the exchange through its mobile Progressive Web App (PWA). To connect, users initiate the process on the desktop interface, where a QR code is generated. Scanning it links the mobile PWA with the desktop session. Once connected, traders can access the full platform including trading, strategies, and portfolio tracking through a mobile interface optimized for both iOS and Android devices.

포트폴리오

Aevo uses a unified portfolio margin system where all positions across perpetuals, options, and strategies share a single margin account. This allows positions to offset each other, improving capital efficiency and reducing collateral requirements compared to isolated setups. Inside the portfolio dashboard, users can monitor PnL, margin levels, liquidation thresholds, and overall risk exposure across their positions in real time.

Aevo Exchange Token

$AEVO is the native token of the Aevo platform and plays a role in governance and platform incentives. Holders can participate in protocol decisions by staking their tokens and voting on proposals. The token also provides trading fee reductions of up to 20% on derivatives markets when staked, making it particularly relevant for active traders on the exchange.