What is Aevo?
Aevo is a decentralized derivatives exchange known for offering both perpetual futures and options through an order-book interface, built on its own rollup. Perpetual futures are leveraged, no-expiry contracts on an asset's price; options give the right, but not the obligation, to buy or sell at a set price by a set date. Offering both makes Aevo more of a full derivatives venue than a perps-only platform.
How does leverage and liquidation work?
Leverage magnifies gains and losses relative to your margin. If your margin falls below the maintenance threshold, positions are liquidated and closed automatically, and collateral can be lost. Options carry their own risks, including the possibility of an option expiring worthless. Funding payments apply to perpetual positions to keep them aligned with spot prices.
What did our review measure?
Our verified signal for Aevo is performance: we measured an endpoint latency of 121 ms, and our status-page check returned an inconclusive result. Our automated process did not confirm value locked, audits, on-chain age, or chain count. Its relatively high rank in this group is driven by the limited signals we could measure, so it should be read as a reflection of measured responsiveness, not a comprehensive safety verdict.
What are the risks?
- Leverage risk: perps can be liquidated quickly, erasing margin.
- Options complexity: options involve time decay and can expire worthless, which is not beginner-friendly.
- Unverified specifics: we did not confirm audits or value locked, so independent diligence is important.
Who is it for?
Aevo suits experienced traders who want both perpetuals and options in one on-chain venue and understand the added complexity of options. It is not for beginners, and the missing data points in our review mean you should verify audits, liquidity, and risk parameters before committing funds.
Options in particular reward preparation: the payoff depends on strike, expiry, and implied volatility, and a position can lose value even when the underlying moves the way you expected. If you are new to that, start by paper-trading the mechanics or trading tiny size until the behavior is intuitive. For the perps side, the same leverage and liquidation rules apply as on any other venue, so treat margin discipline as non-negotiable.