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Avantis

Derivatives

Avantis is an on-chain exchange for trading synthetic crypto, forex, and commodities with leverage up to 500x. Powered by USDC liquidity pools, it offers zero-fee leverage, loss rebates, and advanced tools for risk-managed market making, combining high capital efficiency with broad asset access in a single DeFi platform.

Risk Rating
Average
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Avantis?
What we like
Avantis makes leveraged trading more accessible by letting users go long or short multiple asset types, including crypto, forex, and commodities, all within a single onchain platform. It also gives liquidity providers more control over their exposure through customizable risk settings, a feature not common among DeFi perpetuals.
What we like less
High leverage and complex mechanisms (like rebates and risk tranches) can make the platform difficult for newcomers to fully understand. As with any derivatives protocol, trading or providing liquidity here carries substantial risk, especially in volatile markets or if smart contracts fail.
What it means for you
Avantis may appeal to users familiar with trading or market-making who want exposure to onchain leverage beyond crypto assets. For casual DeFi users, it’s best seen as an advanced trading platform that blends professional features with DeFi access.
Information
Exploit/Hacks
None
Info
Key Metrics
  • TVL: $110.5M (Rank #128)
  • TVL Ranking by Derivatives: #5
  • Blockchain: Base
  • Chain TVL
    • Base: $110.51M
Risk Assessment
Average
Protocol Code Quality
  • Code reviewed by several experienced auditors; Zellic and Zokyo
  • Public team promotes accountability
  • No documented protocol hacks since launch
Protocol Maturity
  • Latest protocol version launched in 2024; maturity over one year minimizes technical risk as smart contracts are well battle-tested
  • Top 10% by total value locked reduces risk
  • Multisig wallet controls protocol upgrades
  • Multisig consists of less than 4 signers, which makes the protocol more susceptible to centralization risks
  • No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
  • Low voting power concentration reduces risk
Protocol Design
  • Robust controls to mitigate oracle price manipulation
  • This protocol is susceptible to risks related to decentralized derivatives, such as LPs serving as the counterparty for all platform traders
Things to know about Avantis

What is Avantis

Avantis is an onchain trading protocol where users can trade synthetic perpetuals, meaning they can speculate on the price of assets like Bitcoin, gold, or the Japanese yen without owning them. It supports high leverage (up to 500x on some pairs) and uses USDC as collateral for both traders and liquidity providers. The protocol aims to combine flexibility for traders with stronger protection tools for liquidity providers.

How Avantis makes money

The platform earns from trading-related fees and spreads. Liquidity providers fund the trading pools, and traders pay interest or fees based on leverage, duration, and market imbalance. Avantis also benefits when traders lose to the liquidity pool, though it has systems to balance open interest and protect LPs from large losses.

How you make money on Avantis

You can provide USDC liquidity to Avantis’ vaults and earn from trading fees and potential trader losses. Some pools may offer “risk tranches,” letting LPs choose between safer or higher-risk return profiles. Traders can use leverage to amplify profits (or losses) from synthetic positions across crypto, forex, and commodities, though this requires experience and carries significant downside risk.