Is Aevo Safe?
Risk Grade: C (50/100)
Aevo is rated as elevated risk — multiple novel mechanisms and notable interaction risks.
Elevated risk — recent oracle exploit plus centralized order matching and sequencer create serious trust concerns for a derivatives platform
An options and perpetual futures trading platform that runs on its own custom blockchain. It holds $22M in deposits and raised $17M in funding. Its C- grade reflects a $2.7M exploit in December 2025 caused by a price feed precision error, plus centralization risks from its privately run blockchain and matching engine.
TVL
$22M
Mechanisms
7
Interactions
5
Value Grade
D+
Key Risks for Aevo Users
A $2.7M hack in December 2025 happened because a price feed upgrade mixed up decimal places, letting an attacker set fake prices and drain money from options vaults.
The trading engine matches orders on a private server before settling on-chain. The operator can see your orders before everyone else, creating potential for front-running.
If the custom blockchain goes down during a big options expiry, you cannot close your positions and your options could expire at the wrong price.
Top Risk Factors
- •December 2025 oracle exploit drained $2.7M from legacy Ribbon DOV vaults via precision mismatch and access control flaw in the proxy-upgradeable oracle stack.
- •Custom proxy-upgradeable oracle infrastructure creates ongoing precision and access control attack vectors when new assets are added or decimal configurations change.
- •Centralized matching engine on custom L2 rollup creates information asymmetry where the operator can observe orders before on-chain settlement.
Risk Score Breakdown
Aevo's highest risk area is Interaction Severity (14/20). Here's how each dimension contributes to the overall 50/100 score:
Read the Full Aevo Risk Report
This protocol has 2 collapse scenarios. 1 critical and 1 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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