What is Avantis? Instructions for hunting Avantis airdrop

What is Avantis?

Avantis is a perpetual DEX exchange that allows users to trade perpetual contracts on Base, with x100 leverage on many types of assets, including: cryptocurrencies, Forex (foreign exchange)...

In addition, Avantis combines the use of oracle solutions from Chainlink and Pyth Network, allowing the platform to synthesize real-time prices of assets on the exchange, thereby providing users with a safe trading experience. complete and transparent.

Users can access the Avantis homepage at: https://www.avantisfi.com

Highlights of Avantis

Compared to other DEXs on the market, Avantis stands out with the following features:

Support for a variety of assets: Avantis is developed with the vision to help narrow the gap between traditional and crypto markets by allowing users to trade both cryptocurrencies and Forex simultaneously with x100 leverage.
Risk management system:​​ Although the platform allows LPs to provide liquidity to earn additional profits, however, in times of strong market volatility, LPs may also be exposed to the risk of assets falling value. Since then, Avantis has designed an optional risk management system by segment: Junior Tranche (high risk) and Senior Tranche (low risk) so that LPs can choose depending on their strategy.
In addition to the above features, the platform is also developing a real-yield feature, to improve the profit-making ability for LPs. Accordingly, LPs can receive rewards of up to 80% from trading fees on the platform.

Instructions for hunting Avantis airdrop

Although Avantis has not announced the airdrop to users, the platform is running an “Avantis XP” campaign that allows LPs to participate in the platform experience and receive experience points. The process is as follows:

Step 1: Access the Avantis interface and select Login on the top right side of the screen to Connect Wallet. Currently, Avantis has supported a number of wallets such as: Coinbase Wallet, MetaMask, WalletConnect...

Select the Login feature to log in with a cryptocurrency wallet
Step 2: Select the Earn feature on the toolbar and choose a liquidity provision strategy: Junior Tranche or Senior Tranche.

Junior Tranche: Allows users to receive a profit of up to 65%, but can also bear the risk at the same rate.
Senior Tranche: Allows users to receive lower profits, about 35% to minimize risk.
Users choose the vault that suits their strategy
Step 3: Enter the amount of USDC you want to send as needed and receive jvUSDC and APY tokens according to the strategy.

Step 4: LP continues to select the Lock feature to lock the jvUSDC token. LP will receive higher experience points the longer the lock time.

User enters the amount of jvUSDC to lock for a fixed period
In addition, users can also earn additional bonus points by participating in derivatives transactions on the platform at the Trade feature.

What is Avantis token?

Currently, Avantis has not announced information about the project's tokenomics. Coin98 Insights will update as soon as there is an announcement!

Roadmap

Avantis announced the project's updated roadmap as follows:

Q1/2024:
·      Mainnet Alpha.
·      Expand other trading pairs.
·      Adjust fees.
·      Improved user interface.
·      Expand TVL for LP.
·      Bug Bounty.
·      Avantis Points Program.
Q2/2024:

·      Beta version launched for Mainnet.
·      Improved user interface.
·      Adjust transaction limits.
·      Expand TVL.
·      Add more assets (memecoin, forex, commodities).
Plans for the end of 2024:
·      Mainnet launch (unlimited TVL/transaction).
·      Options trading design.
·      Integrate Roll-up layer 2.
·      Develop ways to apply Avantis vaults (on-chain casinos, leveraged vaults).

Development team, investors and partners

Development team

The Avantis development team includes many different members, notably:
Sehaj: Co-founder, has experience in traditional and crypto markets.
Brank: Co-founder, has experience in big data and fintech software.
Raymond: Contributor, experienced in business development and operations.
Harsehaj Singh - Co Founder of Avantis

Investors

On September 8, 2023, Avantis successfully raised 4 million USD from Base Ecosystem Fund, led by Coinbase Ventures and a number of other investors such as Galaxy, Pantera Capital...
Avantis's investors come from many different names

Partner

Avantis has developed partnerships with major projects in the market such as: Base, alchemy, galaxy, pyth, modular capital, pantera...

Avantis has established partnerships with many projects for product development

Similar projects

Some similar projects to Avantis include:

KiloEx: Is a decentralized perpetual contract exchange (perpetual DEX), built and developed on the BNB Chain ecosystem
GMX: Is a decentralized spot and perpetual exchange, initially operating on BSC (BNB Chain), after successfully developing products on Arbitrum, it has completely moved operations to Arbitrum