Aevo is a decentralized options and perpetuals exchange built on top of Ethereum and the OP Stack. Formerly known as Ribbon Finance, Aevo is backed by Paradigm and Coinbase Ventures.

Aevo was the first OP Stack fork on mainnet, having launched earlier this year in April. They use Conduit for operating and maintaining their high performance chain that traders on their platform have come to rely on. Conduit has invested thousands of engineering hours to make its deployments reliable, scalable, and secure.

Onchain exchanges like Uniswap, because they primarily exist on Ethereum or other shared layers, were too expensive for the volume of trades that Aevo wanted to serve and too slow for TradFi traders accustomed to instant order confirmations.

On the other hand, centralized exchanges are much easier to use, but lack the transparency into their solvency and operations, since everything is offchain.

In order to bring more traders onchain, Aevo decided they needed to launch their own app chain. This allowed them to benefit from greater transparency, by keeping funds and exchange logic onchain, while also reaping the benefits of lower gas fees and higher throughput on their own rollup.

During the time Aevo were exploring providers, Conduit didn’t actually exist yet. Instead, Aevo reached out to another provider available at the time to operate their rollup.

Fast forward a few months, Conduit now had a fully self-serve Rollups-as-a-Service (RaaS) product with best-in-class infrastructure, and Julian Koh, CEO of Aevo, reached out to explore Conduit’s offering.

While on our first call, the Aevo team realized that their initial provider was using an old version of the Optimism codebase which wouldn’t be receiving any new improvements or updates and had a lot of legacy tech debt.

Conduit and Aevo worked closely together to migrate Aevo’s application to a rollup hosted and operated by Conduit. Receiving all the latest improvements and updates from the newest version of Optimism’s codebase while being hosted on best-in-class Conduit infrastructure.

Conduit was able to work closely with the Aevo team to hit their deadlines and launch dates seamlessly.

Aevo were on an aggressive timeline, having needed to migrate from their previous provider to Conduit, they didn’t want to waste any time deploying to mainnet.

But the journey didn’t end there – Conduit is always shipping improvements to both our product and service so that we continue to provide value to our customers beyond mainnet launch. As Conduit’s first customer, Aevo has a unique lens into the platform’s growth and maturity.

Aevo is a decentralized options and perpetuals exchange built on top of Ethereum and the OP Stack. Formerly known as Ribbon Finance, Aevo is backed by Paradigm and Coinbase Ventures.

Aevo was the first OP Stack fork on mainnet, having launched earlier this year in April. They use Conduit for operating and maintaining their high performance chain that traders on their platform have come to rely on. Conduit has invested thousands of engineering hours to make its deployments reliable, scalable, and secure.

Onchain exchanges like Uniswap, because they primarily exist on Ethereum or other shared layers, were too expensive for the volume of trades that Aevo wanted to serve and too slow for TradFi traders accustomed to instant order confirmations.

On the other hand, centralized exchanges are much easier to use, but lack the transparency into their solvency and operations, since everything is offchain.

In order to bring more traders onchain, Aevo decided they needed to launch their own app chain. This allowed them to benefit from greater transparency, by keeping funds and exchange logic onchain, while also reaping the benefits of lower gas fees and higher throughput on their own rollup.

During the time Aevo were exploring providers, Conduit didn’t actually exist yet. Instead, Aevo reached out to another provider available at the time to operate their rollup.

Fast forward a few months, Conduit now had a fully self-serve Rollups-as-a-Service (RaaS) product with best-in-class infrastructure, and Julian Koh, CEO of Aevo, reached out to explore Conduit’s offering.

While on our first call, the Aevo team realized that their initial provider was using an old version of the Optimism codebase which wouldn’t be receiving any new improvements or updates and had a lot of legacy tech debt.

Conduit and Aevo worked closely together to migrate Aevo’s application to a rollup hosted and operated by Conduit. Receiving all the latest improvements and updates from the newest version of Optimism’s codebase while being hosted on best-in-class Conduit infrastructure.

Conduit was able to work closely with the Aevo team to hit their deadlines and launch dates seamlessly.

Aevo were on an aggressive timeline, having needed to migrate from their previous provider to Conduit, they didn’t want to waste any time deploying to mainnet.

But the journey didn’t end there – Conduit is always shipping improvements to both our product and service so that we continue to provide value to our customers beyond mainnet launch. As Conduit’s first customer, Aevo has a unique lens into the platform’s growth and maturity.