New York, United States, February 2nd, 2024, Chainwire
Avantis Testnet experienced over $5.5 billion in trading volumes within two months of testing since November. Today, Avantis launched on Base mainnet and introduced Avantis Loss Protection, an industry-first product.
Avantis, the next generation DEX for trading and market-making perpetuals for crypto and real world assets, has seen impressive results during its two months of testnet. The platform recorded over 400,000 trades from more than 50,000 onchain traders with a total value locked (TVL) of $120M. Avantis is backed by prominent investors such as Pantera, Galaxy, Base Ecosystem Fund, Founders Fund, and Modular Capital.
Trading and Market-Making Opportunities
Avantis allows onchain traders to utilize leverage of up to 75x and gain exposure to price movements in crypto, forex, and commodities. Liquidity providers can manage their risk-return profile while earning trading fees by passively making markets for these trades. Avantis introduces its innovative Loss Protection product that guarantees a certain rebate on any trading losses for traders who take a contrarian view against the market. This mechanism aims to balance platform open interest (OI) and generate real savings for traders on their losses.
Economic Security and Partnerships
To ensure economic security, competitive fees, and protection for liquidity providers, Avantis has partnered with Chaos Labs for risk simulations and protocol economics. The trading parameters designed by Chaos Labs are now live on Avantis mainnet. Additionally, Avantis has undergone audits by Zellic and Zokyo to enhance transparency and security.
Future Plans and Features
Avantis has exciting plans for future updates, including funding rates, one-click trading, gas sponsored trades, the launch of its own L2 built on the OP stack, and the introduction of novel real-world asset pairs like Crude-oil and treasury rates.
Hot Take: Avantis Revolutionizes Onchain Trading with Loss Protection
Avantis is making waves in the DeFi market with its launch on Base mainnet. With its unique Loss Protection product and innovative trading features, Avantis aims to bridge the gap between decentralized and centralized exchanges. By providing a secure and customizable trading experience, Avantis is set to contribute to the growth of the onchain trading and stablecoin economy.
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