Summary
TLDR: Aevo is a decentralized options platform that received investments from big players and recently had a successful airdrop. However, its Total Value Locked has decreased, and there is a significant token unlock planned for May 2024. The upcoming token unlock could impact Aevo’s price, despite short-term momentum from recent developments like listing on Binance. Investors should be cautious due to the potential sell-off from the token supply increase.
Key Points
1. Aevo is a decentralized options platform that utilizes an off-chain order book for matching orders while the actual trades are executed and settled on-chain through smart contracts. It has received investments from big players like Paradigm, Dragonfly Capital, Coinbase Ventures, and more.
2. The AEVO token was recently listed on Binance, and a significant token unlock is planned for May 2024, which could impact the AEVO price.
3. The Total Value Locked (TVL) within AEVO is currently positioned at over $14 million, indicating user engagement and confidence in the platform, although there has been a contraction in TVL in recent months.