Avantis (AVNT)

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Overview

Avantis is a decentralized perpetuals exchange built on the Avantis blockchain stack on Base, an Ethereum Layer-2 network incubated by Coinbase. The protocol brings crypto and real‑world assets (RWAs) like forex, metals, and indices into one on‑chain trading terminal with high leverage, oracle‑driven execution, and self‑custody. Its native AVNT token powers governance, staking, incentives, and discounts across the platform. Together, these pieces aim to create a “universal leverage layer” for DeFi with tools that feel fast like a centralized exchange but remain fully on‑chain. (help.coinbase.com)

In simple terms, Avantis lets traders open synthetic perpetual positions with up to 500x leverage, while liquidity providers (LPs) supply USDC to a shared vault that acts as the counterparty. Prices are sourced from high‑quality oracles and checked across multiple feeds for consistency, so trade execution follows external markets rather than an internal order book. The AVNT token ties it all together by rewarding activity, securing the protocol via staking, and eventually guiding decisions through community governance. (docs.avantisfi.com)

History & Team

Avantis was founded in 2023 by Harsehaj Singh (CEO) and Raymond Dong (COO). Singh previously worked on the investment team at Pantera Capital and in tech M&A at Lazard; Dong brings experience from hedge funds, consulting, and crypto product leadership. The team’s goal is to blend the speed and capital efficiency of centralized venues with the openness and composability of DeFi. (panteracapital.com)

The project’s early backers include Pantera Capital, Founders Fund, Galaxy Digital, and the Base Ecosystem Fund. Avantis raised $4 million in September 2023 (seed) led by Pantera, followed by an $8 million Series A in June 2025 co‑led by Pantera and Founders Fund, with participation from Symbolic Capital, SALT Fund, and Flowdesk. These rounds helped the team expand markets beyond crypto into forex, metals, and equity indices, and to scale developer tooling and liquidity programs. (coingecko.com)

Technology & How It Works

Built on Base

Avantis runs on Base, an Ethereum Layer‑2 built with the OP Stack and incubated by Coinbase. Base’s rollup design allows fast, low‑cost transactions while inheriting Ethereum security. For users, this means on‑chain trading with cheaper fees and near‑instant confirmations compared to L1. (help.coinbase.com)

Oracle‑anchored execution with dual feeds

Avantis is an oracle‑based trading protocol. It fetches real‑time prices from Pyth’s low‑latency feeds and cross‑checks them against Chainlink. If the two sources diverge too much, the trade fails rather than executing at a suspect price. This dual‑oracle design helps reduce manipulation risk and improves execution quality during volatile markets. (docs.avantisfi.com)

Liquidity via a USDC vault with risk tranches

Instead of fragmented pools, Avantis concentrates liquidity in a USDC vault that pays trader profits and captures trader losses. LPs choose between “senior” and “junior” tranches, splitting fees and potential losses in roughly 35/65 proportions. This lets each LP pick a preferred risk‑return profile while supporting deeper markets for traders. (docs.avantisfi.com)

Zero‑Fee Perpetuals (ZFP)

Avantis introduced “zero‑fee perps,” where traders pay no fixed open/close or borrow fees. Fees are only taken as a small share of realized profits when a winning position is closed; losing trades pay zero fees. The model is designed to reduce breakeven thresholds and prevent funding or borrow costs from pushing liquidations on longer‑held positions. ZFP currently supports major crypto pairs with very high leverage and enforces guaranteed stop‑loss/take‑profit execution through oracles. (docs.avantisfi.com)

Keepers, limits, and multi‑collateral

Chain‑based keeper bots execute user transactions and are compensated through a dynamic fee model that matches current gas conditions. The protocol sets minimums and certain timing rules for specific assets to deter oracle gaming. Avantis has also integrated Morpho to enable multi‑collateral borrowing: users can borrow USDC on Base against assets like wstETH, cbETH, cbBTC, or ETH to fund trades without selling their holdings. (docs.avantisfi.com)

SDK and developer surface

Builders can use the Avantis SDK to stream prices and trigger actions programmatically. The SDK exposes real‑time feeds (via Pyth) and transaction methods so apps, bots, and partner platforms can integrate trading, analytics, or automation workflows on top of the Avantis blockchain environment. (sdk.avantisfi.com)

Tokenomics & Utility

The AVNT token is an ERC‑20 on Base with a fixed 1,000,000,000 supply. Distribution emphasizes the community and long‑term protocol growth: 50.1% is reserved for users and builders (including 12.5% for airdrops, 28.6% for on‑chain incentives, and 9% for developer grants), 26.6% for investors, and 13.3% for the team and advisors, with the rest allocated to liquidity and the foundation. AVNT launched in 2025 with token generation and trading following later that year. (docs.avantisfi.com)

Utility spans several areas:

• Governance: Token holders steer listings, fee parameters, new markets, and expansion across chains as governance progressively decentralizes. (foundation.avantisfi.com)
• Staking and security: AVNT can be staked in the Security Module to support LP protection in rare shortfall events. In return, stakers receive AVNT rewards, XP boosts, and planned trading‑fee discounts; slashing is possible only under defined conditions tied to LP vault buffers. (docs.avantisfi.com)
• Incentives: AVNT funds trading rewards, LP programs, referrals, and builder grants to grow depth and app integrations. Roadmap items include fee discounts for stakers and milestone‑based buy‑backs governed by the community. (docs.avantisfi.com)

These mechanics shape AVNT tokenomics. As activity expands across crypto and RWAs, demand to stake for discounts and rewards, plus participation in governance, can influence AVNT price over time. Market conditions, product adoption, and exchange availability also play roles, but the core is clear: AVNT aligns stakeholders around liquidity, execution quality, and growth. (docs.avantisfi.com)

Ecosystem & Use Cases

Avantis’ ecosystem touches three main groups:

• Traders use the on‑chain terminal to access crypto majors, memes, forex, metals, and U.S. indices as synthetic perpetuals. Zero‑fee perps, guaranteed SL/TP, and high leverage target active strategies, while fixed‑fee markets cover broader styles. (docs.avantisfi.com)
• Liquidity providers deposit USDC into the vault and choose senior or junior exposure. Their fees come from platform activity. Locking vault tokens can issue NFTs that represent the lock position and boost rewards, offering a bridge between Avantis DeFi, NFTs, gaming‑style incentives, and seasonal XP systems. (docs.avantisfi.com)
• Builders plug into the Avantis SDK for price streams, execution, and analytics. This opens up possibilities for trading tools, copy‑trading bots, automated strategies, and even game‑like experiences that simulate markets or reward in‑app activity with AVNT incentives. (sdk.avantisfi.com)

Because Avantis operates on Base, it benefits from a growing L2 ecosystem and smooth wallet support. The combination of fast settlement and deep oracle coverage makes it attractive for cross‑asset strategies that blend crypto with traditional market exposure, all within a self‑custodied flow. (help.coinbase.com)

Advantages & Challenges

Advantages

• Cross‑asset coverage in one place. Crypto, forex, metals, and indices are tradable from the same terminal, which is unusual for on‑chain platforms. (docs.avantisfi.com)
• High leverage with a novel fee model. Zero‑fee perps charge from profits only, aiming to reduce breakeven points and liquidation pressures tied to borrow or funding costs. (docs.avantisfi.com)
• Robust pricing. Dual oracles (Pyth + Chainlink) with deviation checks help filter bad data and keep execution in line with external markets. (docs.avantisfi.com)
• LP risk‑tranching. Senior and junior vaults let LPs self‑select risk and align earnings with market conditions. (docs.avantisfi.com)
• Active incentives and staking. AVNT funds trading rewards, LP programs, and a security module that ties token utility to protocol health. (docs.avantisfi.com)

Challenges

• New paradigm for fees. Zero‑fee perps and profit‑share logic are still new to many users and may take time for the broader market to understand. (docs.avantisfi.com)
• On‑chain execution and oracles. Oracle‑based systems must balance latency, market hours, and anti‑manipulation rules; Avantis sets timing and minimums on certain assets to discourage gaming. (docs.avantisfi.com)
• Evolving governance. Governance utilities and fee‑discount mechanisms for AVNT are rolling out over time, so community processes will mature as adoption grows. (docs.avantisfi.com)

Where to Buy & Wallets

AVNT is available on major centralized exchanges including Coinbase, Binance, OKX, KuCoin, HTX, Poloniex, and BitMart. On Base, AVNT is also tradable on Aerodrome. Availability may vary by region and product line (spot, margin, or perps). (docs.avantisfi.com)

For self‑custody, AVNT is an ERC‑20 on Base and can be held in wallets that support the network, such as Coinbase Wallet, MetaMask, OKX Wallet, and other EVM wallets with Base configured. Hardware wallets like Ledger or Trezor can connect through those interfaces for added key control when using the Avantis app or Aerodrome on Base. (help.coinbase.com)

Regulatory & Compliance

Avantis operates as a decentralized protocol for synthetic perpetuals, which touches derivatives concepts in many jurisdictions. In the United States, perpetual trading is closely associated with commodities derivatives that fall under CFTC oversight. Earlier coverage of Avantis noted the team’s view that operating in the U.S. would require appropriate licensing as an exchange, highlighting the complex regulatory landscape for on‑chain perps. Rules differ across regions, and centralized venues that list AVNT have their own compliance frameworks, but the core protocol remains non‑custodial and on‑chain. (techcrunch.com)

From a faith‑based perspective, Avantis halal considerations focus on the nature of leveraged derivatives. Because the protocol enables high‑leverage perpetual contracts and profit‑share fees, it does not align with Islamic finance principles that avoid excessive uncertainty (gharar) and interest‑like mechanics. As a result, AVNT shariah compliant status is generally viewed negatively: Avantis is not considered shariah compliant because its primary activity centers on synthetic derivatives and speculation, even though the AVNT token itself is a utility and governance asset. This assessment centers on use, not on token code. The conclusion follows from how the protocol functions rather than from any specific religious certification. (docs.avantisfi.com)

Future Outlook

The roadmap emphasizes expanding AVNT utility and deepening liquidity. Near‑term items include fee discounts for AVNT stakers, wider exchange coverage, and milestone‑based buy‑backs proposed through governance. Over time, the team aims to scale the number of RWA markets and bring more partners into the Avantis SDK so others can build dashboards, bots, and new front‑ends on the same oracle‑anchored rails. Given Base’s growing ecosystem and Coinbase’s push to bring more users on‑chain, the infrastructure backdrop is favorable for protocols offering fast, composable trading across assets. (docs.avantisfi.com)

For tokenholders, the heart of Avantis tokenomics is simple: align the people who trade, the LPs who power markets, and the community that steers parameters. As more activity routes through the USDC vault and more builders integrate the SDK, AVNT’s role in incentives, staking, and governance becomes the coordination point for the broader ecosystem. That alignment is a key long‑term driver often discussed when people talk about AVNT price drivers without relying on short‑term market data. (docs.avantisfi.com)

Summary

Avantis combines high‑speed L2 infrastructure, dual‑oracle execution, and a single shared USDC vault to deliver on‑chain perpetuals for crypto and RWAs. The AVNT token anchors this system through staking, incentives, and governance, with a distribution that favors users and builders. Traders get features like zero‑fee perps, guaranteed SL/TP, and cross‑asset access; LPs pick risk levels via tranches; developers extend everything through the SDK. While regulation for on‑chain derivatives remains complex and Avantis halal status is not recognized due to its leveraged derivative model, the project’s focus is clear: grow a universal leverage layer that keeps ownership in the user’s wallet. For readers exploring where to buy AVNT, the token is listed on multiple major exchanges and supported by common Base‑ready wallets, making it straightforward to hold and use within the Avantis ecosystem. (docs.avantisfi.com)