Avantis, making a new leap forward in the cryptocurrency futures market, has started trading on the base mainnet. This is Layer 2 supported by Coinbase, and is attracting attention as an innovative approach in the cryptocurrency futures market.

Avantis is one of the first trading protocols and is claimed to have the potential to attract novice DeFi users to the on-chain world through its proximity to centralized exchanges. Accordingly, there is a prospect that millions of users will have access to new financial products.

Avantis provides 75 times leverage, raising concerns about high-risk leveraged trading, and skepticism is being raised about this. However, to address this concern, it was reported that over $5 billion worth of transactions occurred across 50,000 wallets during Avantis' testnet period.

Perpetual swap is a new financial product unique to cryptocurrency, which basically means a futures contract with no expiration date. Long and short positions can continue betting by predicting the rise and fall of token prices, and if you post enough collateral, you can profit from this.

However, this requires market stability and maintenance to prevent price deviations, and Avantis is presenting a new approach to these problems. We aim to provide individual investors with the opportunity to participate in the open interest game, and we do this by providing rebates to traders who bet against the outlook of others, rather than using funding rates to balance the market. We are hiring.

“Both DeFi and CiFi are highly specialized, with many market makers arbitraging the funding rate,” said CEO Harsehaj Singh. “is somewhat alleviated,” he explained. This is a risky transaction that may fail, but it is attracting attention as a new market innovation because the risk is mitigated.

Avantis' approach suggests that it can open the possibility of expansion into the global DeFi market by providing a new perspective on the cryptocurrency futures market.