Perpetual swaps exchange Avantis opened for trading on Base mainnet Friday, bringing a new approach to the old problem of balancing crypto futures markets that its creator thinks will appeal to retail traders. Avantis is one of the first trading protocols to roll-out natively on Base, the Coinbase-backed layer 2 whose proponents are betting that a close proximity to the centralized exchange giant could potentially help shovel millions of first-time DeFi users into the on-chain world. It seems unlikely that such a crowd would immediately flock to the sort of high-risk leverage trading that Avantis, which offers 75x leverage, says it offers. Perpetuals swaps are a financial novelty unique to crypto.
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