Which projects have creatively stretched token prices by rewriting staking rules?

Author: Arkady childe

Aevo recently proposed the AGP-1.5 proposal on its governance forum, planning to postpone the TGE and staking launch time of the AEVO token to mid-March. Additionally, it suggests shortening the staking duration of sAEVO from the original 3 months to 2 months. This adjustment aims to provide early RBN/AEVO staking users with a more flexible asset unlocking time, facilitating a smooth transition during the RBN to AEVO migration in May.

This move has sparked a positive response in the market, especially for the RBN token, which has seen an increase of over 47% in the past week, with a market cap and fully diluted valuation reaching nearly $682 million and $739 million, respectively, reflecting the optimistic attitude of the crypto market towards Aevo's upcoming developments.

As the voting for the AGP-1.5 proposal is set to begin on March 4, Aevo's strategic adjustment not only demonstrates its sensitivity to community needs but also provides new momentum for the healthy development of the entire cryptocurrency ecosystem. This series of actions and plans indicates that Aevo is about to enter a new stage of development, warranting close attention from the market and investors. Let us wait and see how Aevo will create new chapters in the cryptocurrency field.

Aevo has completed various innovations in the decentralized derivatives field and possesses a series of unique advantages

In the derivatives trading sector, Aevo's unique business model and technical architecture have successfully attracted widespread market attention. On April 7, 2023, the mainnet of the Aevo options trading platform officially launched, allowing users to conduct real settlement options and perpetual contract trading using USDC.

The platform, launched by Ribbon Finance, is built on a customized Ethereum Rollup, employing an order book and margin model, supporting cross-chain trading, and only accepting USDC. Over time, Aevo has not only expanded to Optimism and Arbitrum but has also innovatively established a perpetual contract module, further enriching its service offerings.

Aevo matches orders through an off-chain order book and risk control engine, ensuring efficient matching and on-chain consistent execution of settlements, while all fund flows and position settlements remain on-chain, ensuring transparency and security in trading. Its Layer 2 architecture and the mechanism for publishing transactions to the mainnet, along with the risk control engine responsible for the Chongqing process, reflect Aevo's technological innovation. According to data, Aevo has stabilized at the tenth position in terms of derivatives trading volume across the platform, showcasing its competitiveness in the market.

In addition to traditional options and perpetual contract trading, Aevo has also launched Pre-Launch token futures, an innovative product that allows users to trade tokens before their official launch, providing a visible and efficient pre-trading opportunity, although the accuracy of its market pricing is expected to improve soon. Furthermore, Aevo has introduced the interest-bearing asset aeUSD, which is based on ERC-4626 and provides additional returns for users by depositing stablecoins into MakerDAO's DSR module, further enhancing Aevo's appeal.

Through these unique business and technical features, Aevo has not only sparked a wave in the derivatives trading market but also provided cryptocurrency investors with diversified investment and return opportunities, demonstrating its potential for rapid rise. With further market development and increased user acceptance, Aevo is expected to continue expanding its influence in the cryptocurrency field.

AGP-1 has made a series of key adjustments to the project's market rhythm, and the market has high expectations for it

AGP-1 established Aevo's governance and token economic system, originally planned to launch the TGE on February 1, 2024, involving the release of $AEVO and related staking activities. Considering the importance of fund security, Aevo plans to conduct a thorough audit of the new smart contracts before the TGE, thus deciding to postpone the TGE timeline.

The main contents of this proposed adjustment are as follows:

1. Adjust the timing of the TGE and related staking activities to mid-March 2024;
2. Change the staking period of $sAEVO from the original 3 months (13 weeks) to 2 months (9 weeks), allowing early $RBN/$AEVO stakers to unlock assets in time during the $RBN to $AEVO migration in May;
3. Mid-March 2024: Officially launch the TGE, conduct $AEVO airdrop activities, initiate liquidity mining (including trading or $RBN/$AEVO staking frameworks), and begin the 1:1 migration from $RBN to sAEVO;
4. Late May 2024: Complete the unlocking process of sAEVO, marking the end of the intense TGE activities, and implement the 1:1 conversion from $RBN to $AEVO (or sAEVO).

Points to note include:

1. According to AGP-1, $RBN holders will organically convert $RBN to sAEVO during the TGE phase; this adjustment only affects the locking period and does not change the conversion mechanism. After the TGE phase ends, holders can convert $RBN to $AEVO or sAEVO;
2. Before the TGE, according to AGP-1, Aevo will receive the annual budget for governance tokens (in this case, $RBN) for the year 2023;
3. Under the guidance of the Finance and Revenue Management Committee, the DAO treasury will take all necessary measures to ensure liquidity injection of $Aevo during the TGE.

These adjustments aim to smooth the transition for Aevo and its user base during the TGE and subsequent phases while strengthening Aevo's position as a key player in the DeFi space.

The comprehensive cooperation with Celestia marks a milestone in Aevo's development, enhancing the overall performance of the project and benefiting user experience

On January 24, 2024, Aevo announced a partnership with Celestia to migrate its Layer 2 derivatives trading protocol to the Celestia platform, triggering a significant technological upgrade in the DeFi space. The core of this strategic cooperation lies in fully leveraging Celestia's blockchain architecture, significantly reducing data availability costs, which directly reflects in increased economic benefits for the Aevo platform while providing greater value to users.

Celestia's technological advantages are primarily reflected in its data processing and storage methods, achieving better performance and scalability through an efficient upgrade architecture. In particular, its high throughput and storage data availability layer not only optimize data processing efficiency but also enhance the system's security and reliability. These features make Celestia an ideal infrastructure for Aevo to choose to migrate its L2 solution.

By migrating to Celestia, Aevo has achieved key upgrades in technology and services. First, this move has improved Aevo's profitability by reducing data availability costs by 100 times, allowing the platform to operate at internal costs, which is crucial for maintaining the competitiveness of DeFi platforms and attracting users. Additionally, the higher data processing efficiency and reduced costs enable Aevo to expand its user base, accelerate platform growth, and pass on the savings and more favorable trading fees back to users.

Another important aspect of the technological upgrade is the enhancement of Aevo's chain scalability. Through Celestia, Aevo can increase block size and reduce block time, meaning the platform can process transactions more efficiently, improving user experience. This enhancement is crucial for supporting more users and larger-scale transactions, ensuring Aevo maintains transaction volume in the rapidly evolving DeFi market.

Ultimately, the collaboration between Aevo and Celestia is not just a technological upgrade but a comprehensive evolution of DeFi services. This upgrade not only reduces operational costs and enhances economic benefits but also provides better services to users, driving the entire DeFi sector forward. With Aevo's further development on the Celestia platform, it is expected to bring more possibilities and opportunities to the DeFi field, promoting the industry towards a more efficient, secure, and user-friendly direction.

Since the beginning of the year, Aevo's data performance has continuously set new highs, and the future trend is worth monitoring but risks should be heeded

According to data from DefiLlama, as of January 22, 2024, Aevo's total locked value (TVL) was $48.57 million, with a 24-hour derivatives trading volume reaching $57.97 million, and a cumulative trading volume of an impressive $3.741 billion. Since its launch in July 2023, Aevo has captured 77% of the decentralized options trading market, significantly outpacing other competitors. These achievements not only signify Aevo's market advantage but also indicate its future development potential.

On February 1, 2024, Aevo announced an airdrop of AEVO tokens to early adopters and is set to launch a liquidity mining program. This strategy increases user participation and reward potential through the "Agricultural Plan" and "Farming Boost" mechanisms, further stimulating platform activity. This innovative incentive mechanism not only strengthens Aevo's token economic system but also provides users with more value-added opportunities.

With user numbers and trading volumes reaching historic highs, Aevo demonstrates its sustained growth momentum in the DeFi derivatives market. The advancement of the liquidity mining program and the development of the AEVO token economy are expected to further solidify Aevo's market position, driving its innovation and leadership in the decentralized finance sector. With continuous technological innovation and timely adjustments in market strategies, Aevo is poised to propel the entire DeFi industry towards a more efficient, transparent, and sustainable direction.