Unlock hitting today while the thread is selling 500x on gold and oil. Product story is strong. Token timing is the part I’m watching.
Alpha Project Radar: Avantis (AVNT)
Avantis, a decentralized leverage trading platform on Base offering crypto, forex, metals, commodities, and indices with up to 500x leverage.
1/ What Is Avantis?
Avantis is an on-chain perpetuals exchange built on Base, letting traders access crypto and real-world assets like gold, oil, and forex pairs with leverage up to 500x, straight from their wallet. Liquidity providers can choose between junior and senior risk tranches, giving each a different risk-reward profile within the same pool rather than forcing all LPs into a single exposure. The platform describes itself as Base's largest derivatives exchange and was the first perps DEX to receive investment directly from Base.
2/ Narrative: Universal Leverage for Every Global Market
Avantis positions itself as expanding beyond crypto-only perpetuals toward "every global market," combining crypto leverage with uncorrelated real-world assets like metals and forex in a single trading venue. The company, led by co-founder and CEO Harsehaj Singh, closed a $4 million seed round in September 2023 led by Pantera Capital, with Founders Fund, Galaxy, Coinbase's Base Ecosystem Fund, and Modular Capital participating. A follow-on $8 million Series A, co-led by Founders Fund and Pantera Capital with Symbolic Capital, SALT Fund, and Flowdesk joining, brought total funding to $12 million.