Crypto Trading Platform Avantis Opens Perpetual Swaps DEX on Base Network
Summary
Avantis, a perpetual swaps exchange, launched on Base mainnet, aiming to attract retail traders. It operates on Base, a Coinbase-backed layer 2. During its testnet, it generated over $5 billion in trading from 50,000 wallets. Avantis offers 75x leverage and uses a unique approach to balance the market by providing a guaranteed rebate to traders taking contrarian positions. This differs from traditional funding rates used in DeFi and CeFi markets. The protocol is designed for directional trading and aims to appeal to retail traders.
