Avantis

• Avantis is a derivatives exchange on Base offering leveraged trading on crypto, forex, commodities and indices.

• Liquidity providers take the other side of trades through a shared vault rather than an order book.

• AVNT is the governance and utility token.

• Supply allocated across community, ecosystem and contributors.

• Staked for fee share and governance.

Pros:

• Real-world asset markets alongside crypto broadens the addressable use case.

• Largest derivatives venue on Base by volume.

• Loss-protection mechanics for liquidity providers reduce the worst outcomes.

Cons:

• Vault liquidity providers are structurally short trader profits, so sustained trader success drains the vault.

• Offering forex and commodities derivatives raises regulatory questions in most jurisdictions.

• Base ecosystem concentration.

• Exposure to on-chain derivatives spanning crypto and traditional assets.

• Leading position on Base.

• Weigh the regulatory exposure of offering forex and commodity leverage without restriction.

• Leveraged exposure to forex, commodities and indices alongside crypto, on a single on-chain venue.

• Traders wanting exposure to currencies or commodities must use traditional brokers with account requirements.

• An on-chain venue removes the account barrier, and the regulatory protections that come with it.

• Founded by a team operating within the Base ecosystem.

• Backed by Pantera Capital and Founders Fund.

• No public ICO. Distributed through airdrop and Binance ecosystem programmes in 2025.

• Vault providers bear trader profits directly.

• Regulatory exposure from offering forex and commodity derivatives.

• Base ecosystem dependency.

• Oracle dependency for non-crypto asset pricing.