Binance Launched Project Launchpool Aevo (AEVO)
What is Aevo?
A: Aevo OTC is the first platform that allows users to trade altcoin options on-chain, at size, with institutional-grade liquidity providers. Aevo OTC uses an RFQ system with an on-chain dynamic margin system.
To begin with, users will be able to trade with weekly, fortnightly and monthly maturities, in 13 different currencies. The coin list will rotate every month depending on the most popular coins on the market.
The current altcoin volatility market has long been characterized by fragmentation and opacity. Users who want to buy altcoin options need to integrate with multiple market makers and OTC trading desks. In addition to the tedious onboarding processes, for the few users who managed to onboard, they had to message each market maker to request a trade. After that, compare each price and follow the trading rules largely in favor of over-the-counter desks. Lastly, margin rules were not at all transparent and were handled in legacy systems such as chat or emails.
Aevo OTC allows users to have the same user experience but execute on-chain against institutional-grade market makers.
