# Welcome to Aevo

Aevo is a decentralized derivatives exchange built on a custom OP Stack Layer 2. Options, perpetual futures, OTC, and automated strategies, all from a single margin account, with off-chain order matching and on-chain settlement.

This is the central resource for understanding how Aevo works, what you can trade, and how the protocol is governed.

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## Our Products

### Aevo Exchange

The core trading platform. Perpetual futures and options on ETH, BTC, and a growing list of altcoins, with cross-margin support and sub-10ms latency.

→ [Aevo Exchange](https://docs.aevo.xyz/aevo-products/aevo-exchange)

### Aevo PERPS+

Combine perpetuals and options into a single trade. PERPS+ packages directional exposure with defined-risk protection, giving you structured payoffs without managing multiple legs manually.

→ [PERPS+ Overview](https://docs.aevo.xyz/aevo-products/aevo-perps+/options-made-easy)

### Aevo MCP

Model Context Protocol integration for AI-native access to Aevo's trading infrastructure.

→ [MCP Overview](https://docs.aevo.xyz/aevo-products/aevo-mcp)

### Aevo OTC

On-chain OTC desk for altcoin options, built directly on Aevo L2. Institutional-grade liquidity for markets where roughly 75% of volume still happens off-exchange.

→ [OTC Overview](https://docs.aevo.xyz/aevo-products/aevo-otc)

### Aevo Strategies

Automated vault strategies for options-based yield generation, built by the team behind the OG DeFi Options Vaults (DOVs).

→ [Strategies Overview](https://docs.aevo.xyz/aevo-products/aevo-strategies)

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## Rewards and Staking

Active traders and AEVO stakers earn rewards through multiple programs.

* [**Trading Campaigns**](https://docs.aevo.xyz/trading-and-staking-rewards/trading-campaigns/trading-rewards)**:** Current incentive programs and eligibility.
* [**Staking**](https://docs.aevo.xyz/trading-and-staking-rewards/staking)**:** Stake AEVO to unlock fee discounts, boosted rewards, and governance weight.
* [**Exchange Referrals**](https://docs.aevo.xyz/trading-and-staking-rewards/exchange-referrals)**:** Earn from referral volume.

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## API Reference

Build on Aevo programmatically with REST and WebSocket APIs.

* [**Introduction**](https://docs.aevo.xyz/api-reference/introduction): Endpoints, authentication model, and SDKs.
* [**API Key Setup**](https://docs.aevo.xyz/api-reference/api-key-setup): Generate credentials via the UI or the API itself.
* [**REST API**](https://docs.aevo.xyz/api-reference/urls): Full endpoint reference covering account management, orders, positions, and market data.
* [**WebSocket API**](https://docs.aevo.xyz/api-reference/websocket-api): Low-latency streams for orderbooks, trades, fills, and position updates.

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## Governance

Aevo is governed by AEVO token holders through on-chain proposals and Snapshot votes.

* [**Governance Overview**](https://docs.aevo.xyz/aevo-governance/governance)**:** How proposals are created, discussed, and executed.
* [**Buyback and Burning**](https://docs.aevo.xyz/aevo-governance/new-buyback-and-burning-system)**:** Protocol revenue mechanics and token supply management.


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# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.aevo.xyz/readme.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.