Introduction

The crypto derivatives DEX landscape has evolved significantly since Aevo's inception. Technical infrastructure has advanced and market has expanded, while capital migration still follows anticipated token launches.

Protocols without tokens attract substantial trading volume as users position for potential airdrops. The result is a market where trading activity increasingly correlates with airdrop expectations rather than platform quality. A consequential side effect is reduced market attention to tokenomics design itself.

Aevo occupies a distinct position in this environment: $AEVO is fully circulating, fully unlocked, with no venture capital vesting schedules and no unlock events pending. The token emerged from the $RBN rebrand, inheriting an established distribution pattern and a DAO Treasury that has steadily sustained the onchain liquidity by itself. This supply profile, combined with current market dynamics, creates an opportunity to differentiate through substantive tokenomics rather than temporary incentives.

In April 2023, Aevo launched as the first high-performance CLOB decentralized exchange for derivatives, demonstrating that on-chain trading could achieve competitive performance. Now, we can be among the first derivatives DEXes to deliver a substantial tokenomics shift; not through points or farming mechanics, but through sustainable value distribution, tied to protocol performance.

AGP-1 established governance structure and introduced the committee framework. AGP-2 initiated buybacks to create baseline value accrual. These foundational elements provided necessary infrastructure. The next phase requires comprehensive mechanisms that transform $AEVO from a pure governance token into a multi dimensional economic instrument.

AGP-3 proposes that transformation as “Aevonomics”.