Avantis Labs

Excited to work with Keyrock to make Avantis markets more balanced, ensuring two important outcomes: - Lower fees and better slippage for traders - Balanced vAMM (hence better protection) for LPs Avantis offers a powerful incentive that's never been seen before on a DEX: Loss protection! Any onchain trader can balance platform skew and get a rebate on their trading losses. $200K+ has already been paid out via loss protection to traders balancing platform skew. We look forward to working with Keyrock to perfect the trading and liquidity experience on Avantis !

Avantis Q1 2024 by the numbers - onwards and upwards! In addition to hitting all time highs in volume, TVL, open interest, and more, we shipped product updates at a rapid pace: - Increased leverage (up to 50x) across many of our crypto pairs - One-click trading - Rolling stop losses - Latency optimizations (CEX-like performance while being onchain) - 15 new crypto assets (memes, AI, RWA, DeFi, L2s), bringing our total pairs to 37 - Gas cost reductions due to EIP-4844 - A trading rewards campaign, sponsored by Pyth Network All in just 2 months of being live on mainnet. Imagine what we've got cooking for Q2 👀

Come work for one of the fastest growing DeFi protocols on Coinbase's Base blockchain 🤝

Avantis launched on Coinbase's Base blockchain on Feburary 2nd. In a matter of 2 weeks, we've scaled to $2M of total value deposited in our market-making vault (in Circle's USDC stablecoin), and over $17.5M of volume traded through our contracts. All trading and settlement happens via smart contracts between the market-making vault and the trader - no intermediary. We're grateful for the support of our early community of liquidity providers and traders. Next stop? $100M in trading volumes !

Congratulations to Avantis, a Galaxy Ventures’ portfolio company, on their launch on Base Mainnet!   Avantis is enhancing the DeFi landscape by enabling leveraged trading and market-making for crypto and real-world assets, offering up to 75x leverage.    In just two months, Avantis Testnet saw more than 400,000 trades by over 50,000 onchain traders, with volumes surpassing $5.5 billion.    We look forward to Avantis’ planned product updates and ongoing contributions to the DeFi sector.

Excited to onboard everyone on our waitlist to our testnet next month. Haven't already signed-up? Visit www.avantisfi.com

We're excited to announce our $4M seed round led by Pantera Capital, with participation from Founders Fund, Galaxy , Base Ecosystem Fund (Coinbase), Modular Capital, and several crypto-native angels. We're building an integrated ecosystem of onchain leverage products, starting with perpetual futures. But why ? 1. It's no secret that perpetual futures are one of the most important trading inventions coming from crypto. Over the last 12 months alone, $500Bn+ of perpetual futures were traded on public blockchains, representing extremely strong demand for short-term leverage from crypto natives. 2. The problem is, not only does this figure represent only 2% of the perpetuals volumes traded on centralized exchanges (the same exchanges that were largely plagued by lack of transparency and fraudulent behavior through 2022), but most of these volumes exclusively come from crypto-native assets (like Ethereum or Bitcoin). 3. Building on public blockchains (like Coinbase's Base chain) allows us to open up the market-making function to anyone in the world with capital sitting on a public blockchain, while allowing traders to trust themselves with their funds, rather than a centralized exchange. With increasing onchain trading appetite for assets with intrinsic value (such as gold, forex and crude oil) and advancements in scaling solutions for Ethereum (i.e low cost transactions for end users), Avantis was founded to help hyperscale the onchain derivatives market by 100x. We envision building a connected ecosystem of margin-based products (perpetuals, options, leveraged vaults, and more). Read our full announcement on TechCrunch: https://lnkd.in/dGnftEtk