Aevos’s Dual Token Structure Explained
Introducing Aevo and xAevo
At the heart of Aevos is $Aevo, a liquid ERC20 token with a fixed maximum supply that will be completely minted in three years. It is a crucial tool in the platform’s economic ecosystem, serving as the native token for Aevos.
Complementing $Aevo is $xAevo, a non-transferable governance token that represents a user’s influence in the Aevos community. The key to obtaining $xAevo lies in converting $Aevo tokens, facilitating the intertwining relationship between these two coins.
Unlocking the Power of Plugins
$xAevo stands apart for its distinctive use in our exclusive contracts known as “Plugins”. By staking their $xAevo into a central contract, users can direct their tokens towards a selected Plugin and enjoy various benefits.
Our Plugins system isn’t just about flexibility, it embodies the future of DeFi composability. It allows seamless integration of community-created or partner-enabled Plugins, empowering $xAevo with more than governance; it becomes a catalyst for community-driven expansion and innovation.
Driving Yield with Native Plugins
Our platform will come equipped with native Plugins designed to optimize your yield from day one.
The ‘Dividends Plugin’ is the first on our list. By committing your $xAevo to this Plugin, you gain a daily share of Aevos’s revenue, effectively earning real yield from platform’s income.
Next, we have the ‘Yield Booster’. This Plugin supercharges the yield of your stakeholder non-fungible tokens (spNFTs). By allocating $xAevo to the Yield Booster, users can enhance their returns from staked positions.
Our vision for the Plugin ecosystem is to foster an environment of growth and innovation. We’re continually developing new Plugins, and we look forward to seeing the unique tools and features our community and partners will contribute towards
Unique Benefits of Aevo and xAevo
Both $Aevo and $xAevo will be rewarded to our users through yield-bearing spNFTs, setting the stage for unique returns.
$Aevo can also be freely purchased and converted to $xAevo on a 1:1 ratio at any given time. However, the conversion from $xAevo back to $Aevo introduces an element of vested interest — users can set their vesting period anywhere from 14 days to 6 months. The ratio of conversion increases with the length of the vesting period, ranging from a 1:0.5 to a 1:1 ratio.
Interestingly, a percentage of $xAevo being redeemed is auto-allocated to the Dividends Plugin during the vesting period, enabling continued revenue generation.
The Deflationary Mechanisms of Aevo
The Aevos ecosystem is thoughtfully designed with deflationary mechanisms to ensure the control of $Aevo’s supply, thus avoiding dilution and preserving the token’s value. These mechanisms include burning $xAevo when redeemed for a lower ratio than 1:1, charging a deallocation fee for $xAevo Plugins, and executing buy back & burns from protocol earnings.
With the combination of a hard cap for $Aevo, well-structured emission schedules, and these deflationary mechanisms, we provide a secure and stable ecosystem where the circulating supply of tokens is finely tuned. This guarantees a robust investment environment for $Aevo and $xAevo holders.
In the dynamic realm of DeFi, Aevos stands out with its distinctive dual tokenomics and innovative Plugin architecture. Our groundbreaking approach to decentralized finance is paving the way for future progress and exciting developments for all our users.
Stay tuned for more updates from Aevos as we continue to revolutionize the DeFi landscape.
The Aevos protocol is more than just a DeFi project. It’s our blueprint for a balanced, sustainable, and goal oriented project which aims to be a cornerstone of zkSync.Our carefully designed tokenomics model underpins our commitment to this vision. As we journey forward, we extend an invitation to you to join us in this exciting endeavour.
Discord: https://discord.gg/TpZHChMQ
Stay tuned for more updates as we continue to redefine the possibilities in DeFi.
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Disclaimer: This information is not financial advice. Always conduct your own research before investing in any cryptocurrency project.
