Avantis, a derivatives trade constructed on the Base blockchain, has raised $8 million in a Collection A funding spherical co-led by Founders Fund and Pantera Capital
Avantis, a derivatives trade constructed on the Base blockchain, has raised $8 million in a Collection A funding spherical co-led by Founders Fund and Pantera Capital.
The capital injection goals to speed up Avantis’s imaginative and prescient of making a common decentralized finance (DeFi) leverage layer that helps a variety of property together with gold, international trade, oil, equities, cryptocurrencies, and sports activities markets.
Over the previous yr, Avantis has grow to be the biggest derivatives decentralized trade (DEX) on Base, with over $7.5 billion in buying and selling quantity. The funding spherical and Avantis’s progress have been acknowledged by a number of enterprise capital companies and blockchain initiatives, highlighting the continuing evolution of onchain markets.
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