The actual content material contains the abolition of the previous token RBN and the introduction of a brand new token AEVO. Ribbon’s items will probably be built-in into Aevo’s structured product suite sooner or later, and the unique RBN tokens will probably be swapped for AEVO at a 1:1 ratio.
The aim is for Aevo to develop into the best spot on-chain for derivatives. This contains exchange-traded choices and perpetual contracts, in addition to over-the-counter derivatives contracts and structured merchandise, which embody each passive (vaults) and lively (choices) merchandise. Aevo goals to develop into a DeFi super-app by integrating Ribbon and Aevo, providing perpetual choices, and yield merchandise all below one roof.
Beneath the identical interface, customers will have the ability to browse between Aevo trade, OTC, and structured gadgets. Crucially, this will get us one step nearer to right away placing structured items on the Aevo rollup, due to this fact enabling synergies between the trade and vaults.
To assist this ambition, this proposal seeks to unite the Ribbon and Aevo manufacturers, in addition to reorganize governance and tokenomics, as a way to optimize the merchandise’ efficiency and growth whereas instilling belief and alignment amongst long-term token holders.
In consequence, Aevo is positioned because the unified model, together with Ribbon Finance with the trade into Aevo’s array of structured items options. Ribbon Finance’s consumer interface, graphic design components, communication channels, and essential governance will all be branded with the Aevo model.
Ribbonomics will probably be phased down, permitting RBN holders (and lockers) to maneuver to AEVO, a brand new foreign money that will probably be issued on the ETH mainnet and can management the Aevo protocol and chain. The next proposal will go over new AEVO tokenomics.
Ribbonomics, which redirects gauge emissions and revenue-sharing, grew to become dwell two years in the past to offer usefulness to the RBN token as a technique to regulate the Ribbon Finance protocol.
Ribbon Finance has set the best way as the primary and largest DOV protocol offering coated calls, put-selling, and principal-protected vaults since its inception two years in the past, with almost $300 million TVL at an all-time excessive.
This proposal represents a big transfer ahead for Ribbon and Aevo’s model, product portfolio, consumer expertise, and long-term trajectory.
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