Ribbon Finance Governance Proposal: Consolidating Ribbon Finance and Aevo

Ribbon Finance and Aevo Consolidation Proposal

Ribbon Finance announces a governance proposal to merge Ribbon into Aevo, making Aevo a chain-based derivatives exchange that includes options and perpetual contracts traded on exchanges, as well as over-the-counter derivative contracts.

We propose two changes: 1) positioning Aevo as the unique and unified brand. 2) End RBN Ribbonomics and launch a new token called AEVO.

1) Aevo brand reshaping. Incorporate Ribbon’s product portfolio into Aevo’s structured product suite; improve all visual elements and communication channels of Ribbon to adopt the Aevo brand; host new governance and proposals under the Aevo namespace.

2) Gradually end Ribbonomics. Set the RBN emission of all treasuries to 0; allow 100% unlocking of verRBN without any penalty; stop sharing treasury income with verRBN lockers.

3) Restructure governance and token economics. Launch AEVO token for managing options and perpetual contract exchanges, OTC trading, existing structural products, and L2 aggregation itself – transform Aevo into a DAO, allowing RBN holders to migrate to AEVO at a 1:1 exchange rate.

Reference: https://twitter.com/ribbonfinance/status/1679029900811055105

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