Introducing Avantis XP: A novel DeFi rewards program

Avantis Labs
4 min readJun 11, 2024


Avantis XP rewards user actions on Avantis with “experience points” (XP), which are off-chain representations of a user’s onchain actions. The goal of XP is to recognize and reward long term behavior and recurring protocol usage from our users.

XP will have a special role in the next phase of Avantis’ decentralization roadmap: The Avantis DAO.

Liquidity XP — Liquidity Providers (LPs)

LPs supply USDC and power all trades on the platform. Every LP accumulates XP, but long term LPs accumulate the most amount of XP.

To earn XP as a liquidity provider:

  1. Deposits: Simply deposit USDC into the junior or senior vault. You will accumulate XP each day. Every dollar invested for 1 day in either vault gives you 1 liquidity XP. Note: Senior LPs are more protected than junior LPs in case of losses, so be careful in choosing the right vault based on your risk-tolerance.
  2. Long-term LPs (locks): Locking capital (in either vault) gives you a bonus of up to 4x more XP vs unlocked LPs. You will be granted these XP after your lock is completed. The XP multiplier will depend on how long you lock for. Note: if you unlock early, you will lose the boosted XP you were supposed to get and pay an unlock fee, so lock responsibly!

Trading XP — Traders and Referrers

Traders represent the demand side and directly generate fees via leveraged trading. Similarly, referrers indirectly generate fees via referrals to other traders. We want Avantis to be the #1 destination for perpetuals trading on Base and the Superchain. Here are the basics on how to earn trading XP:

  1. Trading XP = Referral XP + Volume XP.
  2. Volume XP: Every $1 in volume generates at most 1 volume XP.
  3. Referral XP: Users can also earn referral XP. A referring user will get 10% of the volume XP generated by the traders they refer in the form of referral XP.

Boosts: Gamified Badges for Additional XP!

XP should be fun! That is why we’ve introduced boosts — quests that offer enhanced XP boosts to the most loyal and adventurous Avanteers. There are two types of boosts:

  1. Ongoing Boosts: These are badges that can be acquired via ongoing onchain quests. Examples include degen streak, high roller, locking boosts, RWA sensei and social butterfly!
  2. Early bird boosts: These are badges that have been acquired by being early users of Avantis testnet or mainnet, and cannot be acquired again during Season 1. Example of these include the Early LP role in Avantis discord.

Make the most of the badges / boosts, and show them off to your fellow traders and LPs! Read more about boosts in greater detail here.

A note on fungibility

Trading XP is not the same as Liquidity XP. That is — both are not fungible! We care equally about traders and LPs, and have carefully designed Season 1 of our XP campaign to reflect their contributions differently.

Why should you care?

Season 1 will last for at-most 6 months (December 2024), meaning we reserve the right to end the season before that date. Our primary goal is to ensure a smooth transition into the next phase of Avantis: The Avantis DAO.

By joining now — you have an early opportunity to shape the future of Avantis. We are committed to building Avantis to its full potential over the coming months, and your participation is crucial in this journey and will be recognized.

View your current XP!

XP have already been retroactively distributed to active Avantis traders, LPs and referrers. View your XP at:

About Avantis

Avantis is a an onchain leveraged trading and market-making platform. Trade cryptocurrency, forex and commodities with up to 100x 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.

Twitter | Discord | Docs | Website



Avantis Labs

Democratizing access to derivatives market making and trading. Up to 100x leverage and deep liquidity for crypto and real assets. Built on and backed by Base