Avantis is a decentralized, on-chain trading platform that allows users to trade a broad range of assets – from cryptocurrencies to real-world markets like foreign exchange (FX), commodities, indices, and equities – all from a single interface. It operates as a perpetual futures exchange (perps DEX) on the Base blockchain providing a permissionless environment for high-leverage trading across these asset classes.

Project Function

• Multi-Asset Perpetual Trading: Avantis supports leverage trading on a wide variety of assets beyond just crypto. Users can go long or short on cryptocurrencies as well as real-world assets (RWAs) like gold, oil, stock indices, and forex pairs, all within the same platform.

• Zero-Fee Perpetuals: Avantis introduced a zero-fee trading model for perpetual swaps, meaning traders only pay fees if their position is profitable.

• Loss Protection Rebates: To instill confidence in users, Avantis offers a unique loss protection mechanism. If a trader takes a position that goes against the majority sentiment (contrarian trade) and ends up losing, the platform rebates up to 20% of their losses on that trade.

• Flexible Risk Tranching: Avantis offers a novel feature for liquidity providers to choose risk/reward levels. Liquidity is divided into different tranches (often referred to as “junior” and “senior” pools), allowing LPs to decide whether they want a higher-risk, higher-reward position or a more conservative one.

• Optimized Liquidity Pools for LPs: Avantis is designed with advanced risk management to benefit liquidity providers (LPs). Users can supply liquidity (in USDC stablecoin) to Avantis’s trading pools and earn yield from trading fees. The platform’s dynamic risk engine optimizes LP returns across all market conditions, automatically adjusting parameters to manage exposure.

AVNT Utility

AVNT is the project’s utility and governance token and can be used in the following ways:

• Governance: AVNT is a governance token, giving holders a voice in the project’s future. Token holders can vote on important proposals such as protocol upgrades, adding support for new asset classes or chains, adjusting fee parameters, or launching new product lines.

• Staking and Security: AVNT also has a utility in staking. Users can stake their AVNT tokens to help secure the protocol’s liquidity pools, especially during periods of high market volatility. In practice, staked AVNT acts as a backstop or insurance fund that can cover a portion of any shortfall or losses in the protocol’s vaults (protecting liquidity providers).

• User Rewards & Incentives: A significant portion of AVNT is dedicated to rewarding the Avantis community and ecosystem participants. Active users can earn AVNT through various incentive programs – for example, traders might earn token rewards for high trading volumes or successful referral of new users, and liquidity providers receive AVNT incentives on top of fee revenue.

About the Founders

Harsehaj (Sehaj) Singh — Co-Founder & CEO:

Harsehaj previously led consumer infrastructure and DeFi investments at Pantera Capital.

Raymond Dong — Co-Founder:

Raymond Dong's career includes stints as a Consultant at McKinsey & Company, an Investor at Senator Investment Group, an Investor at Ancient, and he currently serves as a Principal at Bow Capital. He also served as an Advisor to the U.S. National Commission for UNESCO at the U.S. Department of State.

Brank D. — Co-Founder & CTO:

Brank D. operates mostly under a pseudonym, which is common in DeFi. He has full-stack development experience building trading systems and has led technical architectures for hundreds of thousands of users and billions of dollars in assets under management.

Risks of AVNT

Like an investment in other crypto AVNTs, there are some general risks to investing in AVNT. These include: (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto AVNTs and Uphold’s platform, please refer to the Risks Specific to Holding Digital AVNTs statement.

In addition to these general risks, an investment in AVNT is subject to the following specific risks:

• AVNT operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks.

We emphasize that this Crypto AVNT Statement is not an exhaustive description or summary of all risks associated with AVNT. Investors should conduct their own research and perform their own assessment before trading any crypto AVNT to determine the appropriate level of risk for their personal circumstances.

The AVNT community and Avantis founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of AVNT have no recourse to the AVNT community, Avantis founding team, or Uphold if AVNT declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto AVNTs, and such changes may be sudden and without notice.

Uphold's Evaluation Process

Prior to listing AVNT on the Uphold Platform, Uphold performed due diligence on AVNT and determined that AVNT is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following:

• The creation, governance, usage, and design of AVNT, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community.

• The supply, demand, maturity, utility, and liquidity of AVNT.

• Any marketing materials put forward by the AVNT social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.

• Material technical risks associated with AVNT, including any code defects, security breaches and other threats concerning AVNT and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.

• Legal and regulatory risks associated with AVNT, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of AVNT.