Aevo to Launch Native Token and Farming Program for Derivatives Traders
Aevo, a decentralized protocol for trading derivatives, has announced the deployment of its native token contract and the upcoming launch of a farming program to reward its users.
The Aevo token, which has not yet been named, will be distributed to early adopters of the platform who have engaged with it before February 1, 2024. The exact amount and criteria for the airdrop are still unknown, but the team said it plans to allocate a portion of the total supply to the early supporters.
In addition, Aevo will launch a farming program in the next few days, where users can earn Aevo tokens by trading derivatives on the platform. The team said the program will incentivize liquidity and volume on the protocol, which offers various types of derivatives such as futures, options, and swaps.
Aevo is one of the emerging projects in the decentralized finance (DeFi) space that aims to bring more sophisticated financial instruments to the blockchain. The protocol leverages smart contracts and oracles to enable trustless and transparent trading of derivatives, which are contracts that derive their value from underlying assets such as cryptocurrencies, stocks, or commodities.
According to its website, Aevo’s mission is to “democratize access to derivatives and empower anyone to hedge their risks, speculate on the market, and express their views on any asset.” The protocol claims to offer low fees, high leverage, and fast settlement for its users.
The launch of the Aevo token and the farming program is expected to boost the adoption and growth of the protocol, as well as create a loyal and engaged community of traders. The team said it will share more details about the tokenomics and the farming program soon.
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