The demand for options has always been there. The interface kept retail traders out, but Aevo built the fix.
Aevo, the decentralized derivatives exchange, has spent years building toward a single thesis: options are the most powerful instrument available to retail traders, and the only thing standing between them and widespread adoption is complexity.
PERPS+, now live on web and mobile, is the product that closes that gap.
The problem PERPS+ was built to solve
Every professional trading desk runs options; they cap losses before a trade opens, generate income while a position waits for its move, and define a range rather than bleeding funding through the chop. The instruments to do all of this have existed for decades. But the moment a retail trader opens an options chain, they meet strikes, expiries, implied volatility, and Greeks.
Most close the tab and go back to a naked perp with a stop loss as their only defense, an exit instruction that fills at the worst tick of a wick and hands the recovery to someone else.
The infrastructure was never the problem, but the interface was.
What PERPS+ does
PERPS+ attaches options outcomes to a perpetual futures position in one tap, so the trader picks a mode, sets a level, and Aevo structures, prices, and executes the combined position with no strike selection, no expiry management, no Greeks.
There are only three modes, each built for a different trading intent:
‘Limit My Loss’ caps the downside at a level the trader sets, with the upside left completely uncapped.
‘Get Paid to Hold’ pays a premium upfront in exchange for a profit ceiling, turning the funding bleed of a ranging position into immediate income.
‘Lock My Range’ defines both the best and worst case before entry for close to zero net cost.
[QUOTE PLACEHOLDER: Aevo spokesperson, “We see PERPS+ as the first step toward an entirely new category of onchain trading: not perps, not options, not vaults. Something that takes the best parts of each and removes the friction that held them back: “1-click strategies”.”]
PERPS+ runs on BTC and ETH perpetual futures, on web and mobile, with full feature parity across both.
The full toolkit behind it
PERPS+ is a product that could only exist in crypto, and only on an exchange purpose-built for both options and perps from the ground up. No traditional exchange allows atomic, permissionless composition of perps and options within a single margin account in real time.
The plumbing does not exist in TradFi for this kind of product at the retail level.
Aevo built the architecture that makes it possible: options and perpetuals sharing the same order book infrastructure, the same margin engine, the same settlement layer, and that foundation is not something you bolt on after the fact.
A token built the same way
Traders using PERPS+ earn Aevo’s full suite of trading rewards: weekly USDC cashback funded by exchange trading fees, a share of the weekly 1M AEVO epoch distribution, and eligibility toward the year-end USDC distribution projected at approximately 808,800 USDC for 2026.
The AEVO token has been fully distributed since mid-2025, with no remaining vesting or investor unlocks. A monthly buyback and burn, funded by real exchange revenue, has permanently removed 75 million AEVO from circulation to date, so supply trends down as the platform grows.
