Aevo Launched an Index Perps for Market Cap of Accounts on Friend.tech

Layer 2 derivatives platform Aevo has listed an index perpetual contract for trading the market capitalization of accounts on the new web3 social app, Friend.tech.

The FRIEND-PERP is a perpetual future market on an index of Friend.tech. The spot reference is the amount of ETH in the Friend Tech smart contract on Base, converted to dollars at the ETH/USD spot rate, and divided by 1000000.

Friend.tech operates on the Coinbase-incubated Ethereum Layer 2 network Base and is integrated with users' X accounts (formerly Twitter).

Aevo is a derivative platform developed by Ribbon Finance team, and Ribbon Finance has proposed to Merge into Aevo.

Ribbon Proposes to Merge into Aevo, Wind Down $RBN token and Launch New token $AEVO

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