In a significant move, Ribbon Finance, a structured product on the blockchain, has proposed a merger with Aevo. The goal is to make Aevo the exclusive brand name and restructure governance and token economics.
Ribbon Finance and Aevo: A Merger for a New Brand
The proposal involves the abolition of the existing RBN token and the introduction of a new token, AEVO. The existing RBN tokens will be swapped for AEVO at a 1:1 ratio, ensuring a smooth transition for token holders.
Aevo: The Future of Blockchain Derivatives
The merger aims to position Aevo as the leading platform for blockchain derivatives. This includes exchange-traded options, perpetual contracts, and structured products. By integrating Ribbon and Aevo, the goal is to create a comprehensive DeFi super-app, offering a range of products under one roof.
A Unified Brand: The Aevo Vision
The proposal seeks to unite the Ribbon and Aevo brands, reorganize governance, and optimize tokenomics. This will enhance product performance and development while fostering trust among long-term token holders. With this merger, Aevo is set to become a unified brand, integrating Ribbon Finance into Aevo’s suite of structured product solutions.
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