Building the universal leverage layer @verantaxyz | Previously: public / private markets investor, consultant @mckinsey. @Uchicago economics / biology.
New York City
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Such a pleasure being on this series and sharing more about the @avantisfi story.
Meet @raymdong from @avantisfi
From a love of building that started with Legos, to building Avantis - the universal leverage layer on Base
This is his story
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Really proud of the entire @verantaxyz team for this accomplishment, but we have much more coming as we sprint towards year end!
Since our public beta launch, open interest has gone up 6x, from $10M -> $60M, driven by a surge in RWA activity across FX, equities and metals.
Size traders choose Veranta for instant fills, best-in-class spreads, limitless leverage, and zero commissions on RWAs.
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Can't wait to host this tomorrow alongside some talented @verantaxyz traders!
16 of the biggest traders, KOLs, and operators on @base Go head-to-head to be crowned champion and earn exciting rewards every stream.
Week 1 features the base OGs like @bigwil, @KieranOnBase, @hryhorii77, Tokenking hosted by @raymdong
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Thanks for the shoutout @CoinbaseDuck
We're adding many more equities, most of which are untradeable onchain today. Tell us what you want to trade on @verantaxyz 👀
People are missing the point on why @base B20 tokenized equity will win at the end.
Access/trade: for unbrokered - you can trade perp-powered equity more efficiently, there is no need to buy tokenized $NVDA, I recommend @verantaxyz on @base
Borrowing/lending/hodl - this is where @coinbase wins, the lender will take $NVDAc as collateral instead of any other synthetics due to counter party risk.
Few understands this
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Best platform on chain to trade $XAU in size is @verantaxyz
A single $XAU trader built up ~$19M worth of positions. Whales are voting with their dollars on @verantaxyz base:0x696f9436b67233384889472cd7cd58a6fb5df4f1 for RWA perps. Here's why:
- Market clip $10M of XAU within 1bps slippage.
- Zero opening or closing fees.
- Predictably low holding fees: ~3% APR to short.
- Hybrid AMM / RFQ model: Get instant fills at the available liquidity, instantly. Zero scam wicks.
If you trade real assets in size and want predictability plus fair pricing, DM me.
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Raymond Dong retweeted
$100,000 USDC. 5 weeks. Powered by @base.
Treasures and Trades
Do you have what it takes? 🐆
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Hope you can tune in. Will be a fun discussion!
Come join me and @AhaanRaizada for the first builder roundtable as we discuss tokenized equities with these legends
- @stambouli_o1
- @raymdong
- @Stonks_Exchange
- @toady_hawk
See you then!
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Excited for this 😎
Last week, our Traders Talk crew circled one question that's still on the table today - is the market overpricing the next Fed move?
> Gold is moving around the next inflation print
> Stocks are under pressure from oil and yields
> $BTC and $ETH still need to show where buyers actually step in
Catch us tomorrow at 12:30pm ET back with the crew to discuss what could be next ⚡️
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Opening Print w/ @HamerCrypto nitter.net/i/broadcasts/1qxvveAEz…
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Raymond Dong retweeted
Excited to be talking with @moontripss, with my co-host @raymdong, about what she has been up to this Sunday at 6:00PM EST.
Topics we will discuss:
- Her time at the TON foundations
- How #TON changed with the Telegram take over, and the last days of the TON foundation as a standalone entity
- @moontripss recent film festival submission, which she made with AI: what she learned from the process and where she sees #AI in both #filmmaking and #trading/#crypto
- Discuss the big news from @avantisfi with our recent release of V2: what that meaning for traders and preview our #AIAgent roadmap
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Pretty big unlock. We've always believed that spot + derivatives are necessary to grow the onchain economy on @base.
@avantisfi allows up to 25x leverage and zero commission fees on all the tokenized stocks launched today!
Stocks have been updated
Coinbase Tokenized Stocks are live on Base
- Available 24/7, 365
- Composable across Base DeFi
- Own the underlying share held in a regulated trust, backed 1:1
Live now, with new stocks coming soon
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Amidst this massive bitcoin:native move our most commonly asked feature for @avantisfi V2 private beta was to bring back 500x upside perps.
I'll personally be scalping this (hopefully continued) move higher! 😎
🔥 UPDATE: Bitcoin just posted a rare 5.8-sigma move against its 30-day volatility, marking its strongest daily upside spike since October 2023, according to Glassnode.
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Super cool to see our partner @1CrypticPoet be able to express his bullish view on crypto via both $MSTR AND bitcoin:native at the same time.
He gets zero-commission equities on $MSTR in @avantisfi V2 and also zero fees on bitcoin:native from trading our upside perps product.
We want to be as trader aligned as possible, on the same team. Keep winning sir 🤝
10x $MSTR long on @avantisfi V2.
up +251%.
turns out stocks get a lot more interesting when you give the @base trenches leverage.
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We've spent several months focused on onboarding web2 traders to @avantisfi and by far the biggest friction point has been users onramping USDC.
Today that changes with our new Apple and Google Pay integrations!
Apple Pay and Google Pay are officially live on Avantis V2 📱.
Simple and seamless, this allows us to accelerate mass onboarding of tradfi and web2 traders.
Powered by @fun.
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Sharing what i'm most excited about with @avantisfi V2! If you want to try it out DM me and i'd love to help you onboard.
V2 is live, and the biggest upgrade is how much more traders can actually do now.
This is the start of a much larger trading surface on Avantis, @raymdong shares more about all that's being unlocked on V2 🔥
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Raymond Dong retweeted
Some of the biggest equity moves happen before most traders can act.
On today's Traders Talk, @raymdong explained why 24/5 equities matter on Avantis V2 🐆
Earnings often hit before the open or after the close. With V2, traders can react to those moves onchain instead of waiting for the regular session.
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Raymond Dong retweeted
Thank you @jessepollak for the shoutout. Avantis V2 is positioned to be the most liquid perps venue... we're laser focused on scaling to 500M+ OI and 500+ assets.
Hedge your tokenized stocks, connect your agent to trade the widest selection of assets on-chain. Only on @base 💪
Jesse Pollak says a scaled perps venue is one of @Base biggest missing pieces.
“One of the places where there’s definitely the most opportunity for growth on Base is around perps.”
“We have perps venues like Avantis that have been growing really nicely on Base.”
“But there’s a lot more that we can do.”
“The lack of a scaled perps venue bringing billions of dollars of volume is a missing piece.”
“That’s a big priority.”
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Raymond Dong retweeted
The market got the kind of CPI print risk assets usually like, and crypto still isn't giviving traders a clean breakout.
$BTC is stuck in the range, majors are rotating unevenly, $XAU is back in focus, and the macro tape is still being pulled between softer inflation, rate expectations, and headline risk.
We talk through it all tomorrow on Traders Talk, plus what the move to Avantis V2 changes for traders from here!
Live tomorrow at 12:30pm ET with @trader_koala, @raymdong and the crew 🐆
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Our biggest upgrade yet. Lot of new features that i'll be using a ton, such as advanced order types and 24/5 trading for earnings.
This protocol upgrade enables much more though:
- Agentic trading, which I think will be HUGE
- 500+ assets by end of year - more than any other DEX
- More incentives. Hit me up to learn more about our ongoing pilot incentive programs (web2 challenges, traders club weekly USDC rewards)
Thanks to the team for a massive lift months in the making. Onward!
A new era is upon us.
V2 is officially live in Private Beta.
This is our biggest upgrade ever, expanding access, liquidity, and features for our global traders.
Trade the untradeable on @base👇
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Tune in for a fun challenge
I am excited to be doing the opening print tonight with DTXFlow (@DTX_FUNDED) . He has an interesting trading approach and is new to twitter.
I am also excited to be announcing a new program where I can legitimately fund up a smaller select group up to $2,000 USD for trading on @avantisfi .
Want to learn more, and get started:
Tune in tonight for the Opening Print at 6:00PM EST.
- Only people who tune and DM me the correct information will be eligible for the $2k USD in funding.
- Miss the broadcast, no worries, DM me and I can give you the details
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