Supported by Paradigm and Coinbase, the cryptocurrency derivatives trading platform Aevo has deployed a smart contract for its native token, which is expected to be released in the coming weeks.
Today, we are pleased to announce more details about $AEVO, Aevo’s first Farming Program, and Aevo Airdrop. pic.twitter.com/loG8V2ZAya
— Aevo (@aevoxyz) January 31, 2024
Early followers of the project are eligible for a portion of the AEVO issuance. According to them, a snapshot for the upcoming airdrop has already been taken.
The specifics of the distribution remain undisclosed. It is only known that user trading volumes on the platform will be considered.
The project team will also launch a farming program in the coming days, offering rewards in the native token.
Users of the trading platform will have the opportunity to exchange tokens from the DeFi service Ribbon Finance (of which Aevo was previously a part) for AEVO at a 1:1 ratio.
The protocol employs a second-layer solution based on Optimistic rollups, developed with technology from Conduit. Aevo’s developers plan to utilize Celestia’s data availability layer to keep fees low and enable interaction with other modular platforms.
Earlier, ForkLog listed the largest recipients of the airdrop from the AltLayer platform.