Avantis is a decentralized leverage trading platform for cryptocurrencies and forex. It introduces dynamic risk management for liquidity providers via tranches, allowing them to select their preferred risk-reward levels.
The platform offers junior and senior tranches, sharing returns and risks in specific ratios. This system provides liquidity providers with control over their risk and return profiles, promoting a diverse LP pool, deep liquidity for traders, and high LP returns.
Funding
Avantis received a $4 million investment from Pantera Capital, Galaxy, and the Base Ecosystem fund. There is a strong possibility that Avantis will be listed on the Coinbase exchange if they launch a token in the future.
Avantis XP Campaign
Avantis recently launched the Avantis XP campaign with two types of experience points: liquidity and trading points. These off-chain points represent a user's on-chain actions, tracking activity and loyalty in real time. They are non-tradable and non-transferable, solely reflecting a user's activity on the Avantis protocol.
In this blog, how to Avantis XP points by trading and adding liquidity.
NOTE: Perpetual trade have high risk compare to spot trading, start with small leverage, advice you to going for maximum 5X to minimize the loss.
TRADE ON AVANTIS:
Make sure you have enough ETH and USDC on Base Chain
ETH is for gas, and USDC for trading and LPing
Go to Avantis and connect Metamask or any other wallet that support base
Referral | Avantis
DeFi's leverage hub for global assets. Trade FX, metals, commodities and crypto with up to 500x leverage and zero-fees.
Choose the MARKET (BTC, ETH etc)
Fix the Leverage (As always go for 5X maximum)
Choose BUY or SELL according to your prediction.
Click PLACE ORDER and confirm in the Metamask
Wait for around 5 minutes to close the position to avoid wash trading
It is important to close the position or you will lose funds
CLOSE THE POSITION:
Close the Position by clicking ‘X’ button like shown in the below image
Put 100% max and click CLOSE & COLLECT USDC
Follow these steps everytime you trade on Avantis.
ADD LP ON AVANTIS VAULT:
You can deposit USDC on Avantis EARN and earn XP points every seconds
Go to EARN section and select on of the Tranche
Select Senior Tranche (Junior Tranche is full)
Deposit some USDC and lock for certain duration
Lock for 180 days and earn more points
Click MAX and LOCK
Check your Avantis XP here:
Avantis XP | Avantis | Avantis
DeFi's leverage hub for global assets. Trade FX, metals, commodities and crypto with up to 500x leverage and zero-fees.
That’s everything for today.
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