Yeliz Akmaca 
Avantis is a decentralized perpetuals exchange designed to offer high-leverage trading on crypto and real-world assets (RWA). Users can trade crypto, forex (FX), commodities, indices, and soon equities with up to 500x leverage in a transparent and permissionless environment.
Avantis introduced a first in the DeFi world with its Zero-Fee Perpetuals (ZFP) model. In this model, users only pay trading fees when they make profits. Since its launch in February 2024, Avantis has generated over $12 billion in trading volume and 1.5 million trades.
Project Concept
Avantis aims to bring leveraged trading capabilities from traditional finance on-chain, combining crypto and RWA on a single platform. With the motto “One DEX, infinite strategies,” the project seeks to create a universal leverage layer that allows users to combine macroeconomic insights with crypto narratives.
Key features include:
- Synthetic Leverage Engine: A single USDC liquidity vault acts as the counterparty for all trades, eliminating the need for separate liquidity pools for each asset pair and maximizing capital efficiency.
- Real-World Asset Access: Users can trade not only cryptocurrencies like Bitcoin and Ethereum but also assets like Japanese Yen, gold, and US equity indices.
- Zero-Fee Leverage: Traders only pay fees on profitable trades, making it attractive for short-term and high-frequency trading.
Team and Founders
Founders:
- Harsehaj Singh (CEO): Formerly led the investment team at Pantera Capital.
- Raymond Dong (COO): Experience in finance, consulting, and crypto products with Lazard, McKinsey, and Bow Capital.
Developer Team:
- Engineers and designers from the US, India, and Europe.
- Previous experience at Binance, Quantopian, and major fintech firms.
- Over 20 years of combined crypto and finance experience.
- The protocol is managed by the Cayman-based Avantis Foundation.
Investors and Partnerships
Avantis is backed by leading investors:
- Pantera Capital
- Founders Fund
- Galaxy Digital
- Base Ecosystem Fund
- Coinbase ecosystem support
- Superform: Vault investments
- Keyrock: Institutional market-making
- Copin: Copy trading
- This support has positioned Avantis as the largest DEX on Base.
How the Protocol Works
Avantis uses a single USDC vault instead of an order book. The vault aggregates funds from liquidity providers (LPs). When a trader opens a position, the vault acts as the counterparty. This model, called Avantis Synthetic AMM (Liquidity Layer), is highly capital-efficient as it avoids separate pools for each asset.
Key features
- Synthetic Leverage: Up to 500x leverage via USDC-based liquidity pools.
- Loss Rebates: Token refunds for specific losing trades.
- Positive Slippage: Price improvements in favor of users.
- Zero-Fee Perpetuals: Fees charged only when profitable.
- Liquidity Providers: Risk/reward management through passive USDC staking or active market-making.
Governance
The native AVNT token plays a central role in governance. Token holders vote on:
- Protocol upgrades
- Fee policies
- Adding new products
- The protocol is governed by the Avantis Foundation.
Roadmap
- 2024 Q1–Q4: Mainnet beta, LP pools, zero-fee perpetuals development, 100x leverage, major audits.
- 2025 Q1: Avantis XP Season 2, new lending/borrowing integrations, crude oil perps listing.
- 2025 Q2: Zero-Fee Perps (BTC, ETH, SOL) launch, 500x leverage, SPY/NASDAQ indices.
2025 H2 & beyond:
- 100+ real-world assets (including equities)
- Avantis v2: dedicated L2 for RWA & crypto
- Sports and prediction market integrations
AVNT Token vs. Avantis
- Avantis: The decentralized protocol offering high-leverage trading.
- AVNT: The native token powering all protocol functionalities.
Token Use Cases (AVNT)
- Governance: Voting on protocol decisions.
- Staking & Security: Covering vault losses and earning rewards.
- Incentives: Trader, LP, and referral program rewards.
- Liquidity Provision: Used in ETH/USDC farms.
- Loss Rebates: Refunds for certain losses.
Token Info
- Token Name: Avantis
- Symbol: AVNT
- Blockchain: Ethereum, Base
- Type: Utility & Governance
- Max Supply: 1 billion AVNT
- Circulating Supply: 205 million AVNT
Token Distribution
- Airdrop 1 (12.5%): 100% unlocked at TGE, for 2024 Season 1–2 activities.
- On-Chain Incentives (28.6%): TGE locked, linear release over 42 months.
- Developer/Ecosystem Grants (9%): TGE locked, linear release over 24 months.
- Team & Advisors (13.3%): 12-month lock, then linear release over 30 months.
- Investors (26.6%): 12-month lock, then linear release over 30 months.
- Foundation (4%): TGE locked, linear release over 24 months.
- Liquidity Reserve (6%): 100% unlocked at TGE.
Ecosystem and Features
- 500x leveraged trading
- RWA + Crypto in a single terminal
- Zero-Fee Perps (no fee if not profitable)
- USDC-based risk and time parameters
- Custom-built risk management
- Upcoming prediction and sports market integrations
Official Links
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