Introduction
The core focus of this document revolves around the shift from the old token RBN to a newly introduced token, AEVO. Ribbon’s products will be strategically merged into Aevo’s product range, enabling a swap from the primary RBN tokens to AEVO, at a 1:1 conversion ratio.
This development is part of a broader goal to position Aevo as the ultimate one-stop shop for on-chain derivatives. These derivatives include exchange-traded options, perpetual contracts, OTC derivative contracts, and structured products.
Transitioning Ribbon Products into Aevo
The structured products within Aevo’s range will include both active products like options and passive ones, representing vaults. Ribbon’s goods integration into Aevo’s structured product suite puts it a step closer to fully integrating structured goods on the Aevo rollup. This integration should create synergies between the exchange and vaults.
Integration and User Experience
Under the Aevo interface, users will have seamless access to the Aevo exchange, OTC, and structured items. The integration streamlines multiple services under one roof, including:
- Aevo exchange
- Over-the-counter (OTC)
- Structured items
Aevo and Ribbon Partnership
The proposal’s goal is to merge the Aevo and Ribbon brands, streamline governance, and adjust tokenomics for improved product performance while fostering trust and alignment among token holders. This advancement positions Aevo as the unified brand encapsulating Ribbon Finance within its suite of structured product solutions.
Ribbon’s user experience, graphic design, communication channels, and core governance will all be under the Aevo brand. The process of phasing out Ribbonomics has been set in motion to allow Ribbon’s RBN holders to transition to AEVO.
AEVO Tokenomics
AEVO will be issued on the ETH mainnet and will govern the Aevo protocol and chain. The new AEVO tokenomics will be discussed in a forthcoming proposal.
Ribbonomics was launched two years ago to control Ribbon Finance. It was designed to redirect gauge emissions and revenue-sharing, a move that gave uses to the RBN token.
Ribbon Finance Achievements
Since its inception, Ribbon Finance has pioneered as the leading and largest Decentralized Options Protocol (DOV) offering protected vaults, covered calls, and put-selling. It recorded a nearly $300 million Total Value Locked (TVL) at its peak.
Brand Enhancement and Integration
This proposal represents a significant advancement for both Aevo and Ribbon. It is designed to improve the brand, product portfolio, user experience, and long-term trajectory.
Disclaimer
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
