Avantis, a derivatives platform based on the Base chain, announced it has raised $4 million in a seed funding round led by Pantera Capital, with participation from Founders Fund, Base Ecosystem Fund, and others. The funds raised will be used to develop its perpetual futures products for crypto and RWA.
Avantis aims to build a composable DeFi ecosystem of margin-based products. Apart from crypto, it will also offer perpetuals trading for RWA. The platform launched its private testnet on Base in Q3 this year, with plans to go live on the Base mainnet in Q1 2024. In the future, Avantis plans to expand to other OP superchains.
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