New Perpetual Swaps Exchange Avantis Launches on Base Layer 2 With 75x Leverage and $5B in Testnet Volume
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Perpetual swaps exchange Avantis opened for trading on Base mainnet Friday.
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Avantis offers 75x leverage and is one of the first trading protocols to launch natively on Base layer 2.
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During 2-month testnet, Avantis generated over $5B in trading from 50,000 wallets.
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Avantis uses guaranteed rebates instead of funding rates to balance the market and appeal to retail traders.
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The rebates mitigate risk for traders betting against the crowd on token price movements.