Overview

GM - We're building Avantis, a fully onchain, generalized leverage trading exchange for synthetic crypto and real assets, built on and backed by Base. Avantis allows traders to long / short all kinds of assets with leverage, while retaining full custody of their funds. The capital for this comes from onchain LPs who passively market-make all trading activity. All trades and liquidity provisioning happens in USDC. Since our launch on Base in February this year, here's what we've achieved: 1. 8,400 traders 2. 96,000 trades 3. Organic yield paid to LPs: $550,000 4. Total Trading Volume: $550M (10%+ coming from real world assets like forex and metals!). 5. TVL: $7.5M (capped) Note: all protocol stats can be verified onchain as well as at: avantisfi.com/analytics Today, we’re looking to apply to RPGF to revolutionize the derivatives market. While there are several off-chain or hybrid exchanges available, we firmly believe in constructing a completely on-chain future through a permissionless platform for both RWAs and crypto assets, fueled by LPs and traders. We’re exclusive to the Superchain, committed to building a sustainable exchange long-term, and are just getting started. In a matter of 3 short months, we've established ourselves as one of the leading destinations for Superchain (and specifically Base network) perp traders and LPs. We plan to keep going deeper into the Base stack, having already integrated Coinbase Pay to onramp users seamlessly, and are in the process of integrating CB smart wallets. We have three simple goals: 1) RWA Adoption: Get more real world asset traders onchain (the onchain market currently lacks this diversity of traders. We believe we can onboard them effectively.) 2) Superchain as a Derivatives Hub: Make Base (and the Superchain) the premier destination for onchain perpetuals trading and market-making. 3) Democratize market-making: Provide competitive and safe yields for USDC LPs on Base, while giving them custom risk management tools. That is, we want to allow passive LPs the opportunity to market-make complex derivatives the same way institutions do, which is the true and original promise of DeFi.