Avantis Labs Raises $4M Seed Round
Avantis Labs, a decentralised finance (DeFi) derivatives ecosystem, has raised $4 million in a seed funding round led by Pantera Capital, according to Sehaj Singh, the company’s co-founder and CEO.
The funding was also funded by Founders Fund, Galaxy, Coinbase’s Base Ecosystem Fund, and Modular Capital. The cash will be used to expand Avantis, a continuous trading and market-making protocol.
Avantis is developing a protocol to cater to complex, sophisticated, on-chain, risk-managing, and yield-hunting individuals, allowing currencies and commodities to be hedged and traded on-chain without the requirement for tokenization. The protocol will extend the leverage trading mechanism to real-world assets and make it more sophisticated, dubbed the Uniswap V3 moment for LPs of these leverage systems.
This will make it easier to manage and trade these assets without the need for tokenization.
(With inputs from Shikha Singh)
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