Aevo DEX profile
Editorial record: June 1, 2026
Type
order-book
Swap Fee
0.05%
Trading Pairs
80+
Source status
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
Editorial desk producing public-source crypto product research. Pages identify their evidence and limitations; hands-on testing is claimed only when dated evidence is shown.
Last Updated: June 1, 2026
Our MethodologyOverview
Aevo is a derivatives exchange that supports perpetual futures and options. Its design uses an off-chain order book with on-chain settlement on a custom OP Stack network. The project grew from the Ribbon Finance team. Options and leveraged contracts can lose value quickly.
Profile summary
Options and perpetuals exchange on custom OP Stack L2
Fees & Costs
| Swap Fee | 0.05% |
| Protocol Fee | 0.05% |
| Gas Estimate | No gas fees |
Security & Audits
| Audits | Zellic, ChainSecurity |
| Open Source | ✗ No |
| Bug Bounty | ✓ $1,000,000 |
Features
Supported Chains
| Limit Orders | ✓ Yes |
| Perpetuals | ✓ Yes |
| Cross-Chain | ✗ No |
| Lending | ✗ No |
| Farming | ✗ No |
| Staking | ✓ Yes |
Pros & Cons of Aevo
Pros of Aevo
- ✓Both options and perpetuals on one platform
- ✓Pre-launch token markets for early trading
- ✓Zero gas fees and fast execution
- ✓Built by experienced Ribbon Finance team
- ✓High-throughput L2 handles up to 5,000 transactions per second
Cons of Aevo
- ✗Closed-source code limits transparency
- ✗Requires bridging to Aevo L2
- ✗Perpetual-market liquidity may be lower than at larger derivatives venues
Pre-launch markets let you trade perpetual contracts on tokens before they officially launch and get listed on other exchanges. This includes highly anticipated airdrops and new project tokens. Prices are determined by market supply and demand on Aevo. This feature is popular for speculation and hedging airdrop exposure, but carries higher risk due to low liquidity and uncertainty.
Aevo was created by the Ribbon Finance team and the two protocols merged in 2023. Ribbon Finance's $RBN token was converted to $AEVO. Ribbon's expertise in structured options products (like covered call vaults) informed Aevo's options trading design. The merger combined Ribbon's DeFi options experience with a full-featured derivatives exchange.
Aevo charges 0.05% taker fees for both perpetuals and options trading, with no gas fees since it runs on its own OP Stack L2. There are no deposit or withdrawal fees from Aevo itself, though bridging to the L2 may incur Ethereum gas costs. AEVO token stakers receive trading fee discounts based on their staking tier.
Aevo uses an optimistic rollup architecture that inherits Ethereum's security for final settlement. The platform has been audited by Zellic and ChainSecurity, and offers a $1 million bug bounty program. A 7-day timelock protects against unauthorized changes, and multisig governance adds an extra security layer. However, the code is not open source, which limits public verification.
Yes, Aevo is one of the few DEXes that offers both options and perpetual futures trading on the same platform. The options product is a core strength, built by the team behind Ribbon Finance who have deep DeFi options expertise. You can trade call and put options on major crypto assets, enabling complex strategies like straddles, strangles, and spreads alongside perp positions.
Aevo offer details
Check current terms, eligibility, and availability before you use an offer.
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When to skip Aevo
Skip Aevo if you cannot verify its contracts, network costs, and asset liquidity before you trade.
Sources & References
Market Data
Security
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
