Avantis Launches on Base Mainnet Offering Innovative Trading Approach

Introducing Avantis

Avantis, a perpetual swaps exchange, has officially launched on the Base mainnet. This innovative platform comes with a unique solution aimed at reconciling the challenges associated with crypto futures markets, particularly designed with the retail trader's interests in mind.

First Steps in DeFi

Notably, Avantis is among the pioneering protocols to debut on Base, a layer 2 solution with strong ties to Coinbase. Advocates believe that this connection will facilitate the transition for numerous newcomers from centralized trading to the decentralized finance (DeFi) realm. Despite offering high-risk leverage trading, up to 75x, Avantis witnessed significant engagement during its two-month testnet phase, attracting over $5 billion in trades from 50,000 wallets.

A Novel Market Mechanism

Perpetual swaps, unique to the cryptocurrency market, are futures contracts with no expiry date, allowing traders to sustain positions as long as they possess adequate collateral. Avantis sets itself apart by opting out of traditional funding rates to maintain market equilibrium. Instead, it grants rebates to those taking unconventional stances in the market. Avantis' CEO Harsehaj Singh emphasizes that this system is tailored for traders with a clear directional strategy, providing an edge in high stakes trading scenarios.