Since inception, Avantis has become the #1 exchange for cross-asset leverage on Base (based on TVL and open interest), surpassing $1.4B in cumulative volumes. With v1.25, Avantis plans to become the most competitive exchange in DeFi across all asset classes.
Background
As a fully onchain exchange powered by passive LPs, Avantis launched on Base in February 2024, pricing assets in a way that allows for sustainable growth of LP capital. With over $12M in USDC deposited into our LP vaults, it is now time to enhance utilization of that capital even more and build DeFi’s largest liquidity layer for cross-asset leverage. This is where Avantis v1.25 is a crucial step in the right direction.
Fee Overhaul
v1.25 has an ambitious goal: Make Avantis the most competitive, fully onchain exchange for cross-asset leverage. This is how we’re achieving this:
- BTC: Zero slippage. Pay absolutely no spreads on a trade, regardless of your trade size.
- ETH, SOL and Memes: CEX-like spreads, matching the competitiveness of Binance and Coinbase.
- Crypto (Majors and Memes): Fixed costs (open and close fees) down to 6bps (from a max of 8 bps). A 25% reduction ! Borrow fees down by 50% as well.
- Other Crypto Alts: Fixed costs down by 33% to 8bps flat (from a max of 12 bps).
- FX: Top 3 FX pairs now have zero closing fees, and zero slippage! This means traders can potentially enter a trade with their unrealized PNL as positive!
- Highest Leverage: Up to 500x leverage on FX like USD-JPY, and 100x on crypto (ETH, BTC), to accommodate all types of traders.
To give you an idea of what this practically means, here are two comparisons for spreads (one for $1M BTC long, and one for $100K DOGE long) against the most popular cross-chain perpetuals exchange.
$1,000,000 BTC Long (Zero Slippage): Every dollar counts !
Memes: Trade a $100K DOGE position with only ~4.5bps slippage
Vision
v1.25 is a crucial step towards creating the best leverage trading experience across all asset classes, which will in-turn propel Avantis into the next phase of its roadmap: v1.5, with
- Zero fee perpetuals (pay only from your profits)
- Composable, yield bearing vault token for LPs
- More RWA leverage products (binary options, exotic assets)
About Avantis
Avantis is a an onchain leveraged trading and market-making platform. Trade crypto, FX and commodities with up to 500x leverage, or power trades on the platform as a liquidity provider. Avantis gives advanced risk management tools to traders and liquidity providers for the use and provision of trading leverage. Avantis is built on Coinbase’s Base blockchain, and is backed by industry leading investors such as Pantera, Founders Fund, Galaxy Digital and Coinbase Ventures.
