Research Summary
The report provides an overview of Avantis, a Perp DEX platform for trading crypto, forex, and commodities. It also discusses the platform’s unique features, such as loss protection for traders and advanced risk management for liquidity providers. The report further highlights updates and upgrades in DeFi, vital news, on-chain data, macro metrics, and potential exploits and bugs.
Key Takeaways
Avantis’ Innovative Features
- Loss Protection and Margin Fees: Avantis has introduced a loss protection feature for traders and charges margin fees directed towards liquidity providers. This approach allows traders to arbitrage without eliminating the opportunity for themselves.
- USDC Vault: Avantis offers a yield on stable assets through their stablecoin market-making vault, powered by USDC. The vault acts as the counterparty for all platform trades, handling traders’ winnings and losses, and receiving a portion of trading fees in return.
Updates & Upgrades in DeFi
- Perp V3: The report mentions the introduction of Perp V3, a smart liquidity framework for on-chain derivatives.
- SeiDB: SeiDB, a crucial part of the new Sei v2 design, has been introduced.
- Restaking Vaults on Solana: Restaking vaults are launching on the Solana blockchain.
Vital News
- FTX’s Strategy: FTX is selling crypto and stockpiling cash to pay clients with accounts frozen since the collapse.
- Bitcoin ETF Ads: Bitcoin ETF ads may appear on Google starting Monday, according to community speculation.
On-Chain Data
- Total Value Staked: The total value staked has exceeded 200,000 ETH.
- Kamino Lend: Kamino Lend has reached a total value locked (TVL) of $200M.
Actionable Insights
- Explore Avantis’ Features: Avantis’ unique features such as loss protection for traders and margin fees directed towards liquidity providers could be of interest to traders and liquidity providers alike. It may be worth exploring these features in more detail.
- Monitor DeFi Updates: The report highlights several updates and upgrades in the DeFi space, including the introduction of Perp V3 and SeiDB. Keeping an eye on these developments could provide insights into the evolving DeFi landscape.
- Stay Informed on Crypto News: The report mentions several important news items, including FTX’s strategy and the potential appearance of Bitcoin ETF ads on Google. Staying informed on these developments could help in understanding the current state of the crypto market.
