Ribbon Finance, a protocol that specializes in creating structured products in DeFi, is championing the merger with Aevo, a decentralized autonomous organization (DAO) focused on the development of DeFi and Web3. This collaboration is expected to bring about a new era of innovation and growth in the DeFi space.
Ribbon Finance and aevo merger
The merger is a strategic move aimed at leveraging the strengths of both organizations. Ribbon Finance, known for its expertise in creating structured products, will benefit from Aevo‘s experience in DAO and DeFi development. On the other hand, Aevo will gain access to Ribbon’s innovative products and solutions, which will help it expand its reach and influence in the DeFi and Web3 sectors.
This merger is a significant development in the DeFi space, as it brings together two organizations with complementary strengths and a shared vision for the future of decentralized finance. The collaboration between Ribbon Finance and Aevo is expected to result in the creation of innovative products and solutions that will drive growth and innovation in the DeFi and Web3 sectors.
About Ribbon Finance, Aevo and the Merger
Ribbon Finance, a decentralized finance (DeFi) protocol, has announced its intention to merge with Aevo, a decision that has received overwhelming support from the Ribbon Finance community. The merger is set to rebrand Ribbon Finance under the Aevo name, consolidating Ribbon’s structured products into Aevo’s platform.
This strategic move will see the introduction of a new token, AEVO, replacing the original Ribbon Finance token, RBN, at a 1:1 exchange ratio.
Aevo aspires to be a leading platform for on-chain derivatives, offering a range of products including exchange-traded options, perpetual contracts, and over-the-counter derivatives. The merger with Ribbon Finance will enhance Aevo’s offerings, allowing users to easily navigate between Aevo’s exchange, OTC, and structured products.
The merger also emphasizes the importance of a unified brand identity, with all aspects of Ribbon Finance being integrated under the Aevo brand. This merger is expected to redefine the DeFi landscape, providing a more seamless and comprehensive trading experience for users worldwide.
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