Aevo, emerging as a next-generation option and perpetual futures exchange, has recently integrated with Ribbon Finance, merging the two into a single, more robust platform. Aevo operates on an L2 rollup using the Optimism stack, aimed at providing a non-custodial, high-performance trading experience. This integration follows a near-unanimous governance vote by Ribbon DAO token holders, signaling a new era for both platforms.
Aevo now supports seamless $USDC transfers from Arbitrum and Optimism networks, enhancing liquidity and user experience.
Why Aevo Might Issue an Airdrop
In light of the recent merger and rebranding efforts, Aevo might initiate an airdrop to incentivize early adopters and traders on the platform. The transition involves a 1:1 token conversion from $RBN to the new $AEVO token, which could potentially include an airdrop to boost engagement and reward the community.
To enhance your prospects in Aevo’s impending airdrop, consider the following strategies:
Trade Actively:
Volume: Increase your trade volume on Aevo with both Perpetuals and Options. Historical airdrop patterns suggest higher volumes typically result in greater rewards.
Consistency: Engage in regular trading on Aevo. A consistent trading pattern could demonstrate genuine platform engagement, potentially boosting your airdrop chances
Step-by-Step Guide to Farming Airdrop on Aevo
Deposit Funds to Aevo
To deposit funds into your Aevo account, follow these steps:
Go to the Aevo site and click on the ‘Equity’ tab located at the top right corner.
Click on ‘Deposit’ at the bottom left corner of the page.
Choose the network you wish to deposit from – Ethereum, Optimism, or Arbitrum. Note that you can only deposit $USDC.e from Optimism and Arbitrum.
Select $USDC.e as the token to deposit, and enter the amount you wish to deposit.
Click on ‘Deposit’. The deposit will be reflected in your Aevo account approximately one minute after completing the transaction.
Watch our quick video demo below for a step-by-step guide on how to deposit funds on the Aevo!
Open Leveraged Positions on Aevo
Select the token you want to trade from the available options on Aevo DEX.
Based on your trade idea, decide to either buy (if you expect the price to rise) or sell (if you anticipate a price decline).
Click on ‘Limit’ under the buy and sell options to place a limit order, allowing you to set a specific execution price.
Determine your order size and select the leverage you wish to apply (options might include 2x, 5x, 10x).
Once you’re selected your preferences, confirm the details and click ‘Place Order’ to execute your trade.
Watch our quick video demo on how to open leveraged positions on Aevo!
Trading Options on Aevo
Use Ctrl+K (or Cmd+K for Mac users) on the Aevo site to quickly search. Look for ‘Options’ and select either Ethereum or Bitcoin options.
Choose the expiry date, strike price, and whether it’s a call or put option. Below this, decide if you wish to buy or sell the chosen option.
Buying Calls: This means you anticipate the underlying asset’s price will increase above the strike price before the option expires.
Buying Puts: You’re expecting the asset’s price to decrease below the strike price before expiration.
Selling Calls (Writing Calls): This involves selling the right to another trader to buy the underlying asset at a predetermined price (the strike price) before the option expires. If the market price exceeds the strike price, you may be obligated to sell the asset at a lower price, incurring a potential loss.
Selling Puts (Writing Puts): Here, you’re selling the right to another trader to sell the underlying asset at the strike price. If the market price falls below the strike price, you might be obligated to buy the asset at a higher price, which can lead to a loss. Choose the expiry date, strike price, and whether it’s a call or put option. Below this, decide if you wish to buy or sell the chosen option.
Disclaimer: Options selling involves higher risks and can be complex. It’s recommended only for experienced investors. The potential losses in selling/writing options can exceed the income received.
Select the Number of Contracts you want to buy/sell for a strike price.
For a specific trade price, click on ‘Limit’ and input the price you’re comfortable buying or selling the option at.
After selecting your preferences, finalize the process by clicking ‘Place Order’.
Watch our quick video demo on how to trade options on Aevo!
Risks or Downsides of Participating in a Crypto Airdrop
Scams and Fraud: Participation in airdrops can be risky, especially on a new chain or network. Some protocols might turn out to be scams, targeting unsuspecting users. It’s essential to be cautious and conduct thorough research before engaging with an unfamiliar project.
Regulatory Risks: Legal and regulatory considerations can be complex, varying widely by jurisdiction. Participants should always check the rules of both the protocol and their residing country to ensure compliance. Engaging in an airdrop without understanding the relevant regulations might lead to unintended legal complications.
Uncertain Returns: While the prospect of an airdrop can be exciting, the rewards are never guaranteed. Some protocols might promise to launch a token and never follow through, or the token’s value might not justify the resources spent on obtaining the airdrop. Understanding that airdrops can be unpredictable and that returns might fluctuate is vital for anyone considering participation.
Disclaimer
Please note that this is not an endorsement of any of the protocols mentioned above. Pre-launched and newly launched protocols carry more inherent risk so interact with these (and any other) protocols at your own discretion.
