Missed out on the Jito protocol airdrop which had minimum distributions estimated at several thousand dollars? Well, let us introduce you to Aevo, a decentralized trading protocol where you can earn rewards by trading.
Aevo has a system that rewards users based on their trading activity. Traders can earn up to $15,000 every 2 weeks, in addition to “shared rewards.”
Currently, no airdrops have been announced, but it’s not unlikely that it will happen in the coming months when the protocol launches its native token. By getting involved now, you increase your chances of benefiting from a potential more generous distribution.
Discover in this guide how to earn rewards on Aevo, while optimizing your chances of being eligible for a future airdrop.
Key points about the Aevo airdrop:
- Project: Aevo
- Difficulty: Medium
- Cost: Paid
- Duration: 2 – 5 minutes
What is Aevo?
Aevo is a decentralized trading protocol where you can trade perpetual derivative products with leverage of up to x20. The protocol currently offers dozens of perpetual contracts, and also has a “pre-market” trading service, through which you can trade tokens that are not yet available on the market.
The only two tokens available in “pre-market” are $JUP from the decentralized protocol Jupiter, and $BLAST from the layer 2 protocol Blast.
According to data from DeFiLlama, the Aevo protocol has a Total Value Locked (TVL) of approximately $23 million, up about 130% since early November.
How to be eligible for the Aevo airdrop?
In order to trade on the Aevo protocol, you need to have a digital wallet that supports the Ethereum network. If you don’t already have one, here are some recommendations:
After downloading your wallet, go to Aevo by clicking on this link: [click on this link]
Here are the two ways to earn rewards on Aevo:
- Trade on the perpetual market
- Refer other users with your affiliate link
Note: other services are currently being developed and will likely be launched in the coming weeks. The article will be updated accordingly.
1 – Trade on the perpetual market of Aevo
To trade on the Aevo perpetual market, you first need to deposit funds into your account. Since Aevo is a DEX (Decentralized Exchange), you will need to deposit these funds using your wallet.
To do this, click on your profile located in the top right corner of the interface.
Then click on “Continue Onboarding“.
Next, select the network you want to use (Ethereum, Optimism, or Arbitrum), enter the amount of your deposit, and click “Approve [token name]“. You will then need to sign the transaction that appears on your wallet.
Once done, go back to Aevo, click on “Deposit“, and confirm the transaction from your wallet this time.
Note that the transaction should take a few seconds / tens of seconds to finalize.
Now that you have USDC on your Aevo account, click on the “Trading” tab.
You will be redirected to the perpetual trading interface of the protocol, with a detailed chart, trading instruments and tools to help you analyze it, the order book, and other information related to the selected contract.
To select the contract you want to trade, click on the currently used pair, or press “CTRL + K” on your keyboard.
Then enter the perpetual contract of your choice.
You now need to set up your buy/sell order by providing the following information:
- Select “Buy” to open a Long position or “Sell” to open a Short position.
- Select “Limit” to place a limit order (as only limit orders are counted for rewards).
- Specify the price at which the limit order will trigger (limit price).
- Indicate the amount of your position.
- Select the leverage you want to apply to your position (be careful not to use too high leverage).
- Click “Place Order” to confirm your order.
Your order will then appear in the “Orders” section below the chart. Once filled, it will appear in the “Positions” section, where you can set “Take Profit” and “Stop Loss” to secure your investment.
To close the order or position, simply click on the cross, then on “Remove Bid” or “Close Position“.
Important: as Aevo specifies in its documentation, anyone who generates “fake volume” will be excluded from the reward program.
2 – Stake cryptocurrencies on Aevo
Aevo also allows you to generate yields on your cryptocurrencies. While this service does not currently offer rewards, it could increase your chances of being eligible for a future airdrop.
To do this, go to the “Portfolio” section.
Then choose the token you want to generate yields with and click on “Earn“.
Simply provide the amount of your choice and confirm the transaction.
3 – Refer users to Aevo
Finally, the last thing you can do to earn rewards is to refer other users using your referral link.
To get it, click on the “Rewards” tab, then on “Referrals“.
Your link will then be displayed. You can share it on your networks to refer as many users as possible.
For each referred user who signs up with your link, you will earn 10% of their trading fees for the next 6 months.
A few important details about the Aevo airdrop
To check your ranking on Aevo, go to this page: https://app.aevo.xyz/rewards/taker-rewards
Reminder: no airdrop has been announced by Aevo at the moment. However, by interacting with the protocol today, you will have a significant advantage over the rest of the market if Aevo announces an airdrop in the coming weeks or months.
To stay updated on major announcements regarding Aevo, we recommend following the project on Twitter.
For assistance, you can join the project’s Discord server.
