Today we’re excited to announce that we’re launching Perpetual Futures on Aevo. Perpetual Futures are the most popular derivative in crypto and drive tens of billions of volume every day. Users are able to trade up to 20x leverage on ETH perps, starting today on Aevo.

Options + Perpetuals

It is highly synergistic for options exchanges to support perpetual futures product. For options traders and market-makers, being able to hedge their “delta” is a key component of their options trading. For example, if a trader wants to long volatility, they could simply buy a basket of options - however, they are still exposed to the “delta” risk, e.g the risk that the price of the asset moves up or down, when they only wanted exposure to the underlying volatility. By supporting perpetual futures on the same exchange, traders can hedge their “delta” risk on the same venue in an extremely capital efficient way. This creates natural demand for trading perpetuals, as options volumes ramp up.

Portfolio Margin

Having perpetuals and options on the same exchange makes it immensely more capital efficient for traders. Aevo’s Portfolio Margin system extends across both options and perps, making it capital efficient to trade both at the same time.

None of the on-chain DEXs allow margining of their options and perps positions within the same account, making Aevo the most capital efficient place to trade options and perps in DeFi.

Limits and Guardrails

To start, users are able to trade at a max of 20x leverage. Aevo also enforces a max order size of $100,000 notional per order, and a max position size of $175,000. As we scale up daily trading volume and open interest, we will increase these limits as well.