TechFlow news, according to TechCrunch, DeFi derivatives trading platform Avantis Labs has raised $4 million in seed funding led by Pantera Capital, with participation from Founders Fund, Coinbase's Base Ecosystem Fund, and Modular Capital. This capital will be used to develop its flagship product, Avantis—a perpetual trading and market-making protocol.
Sehaj Singh, co-founder and CEO of Avantis Labs, said the platform aims to enable foreign exchange and commodities to be "hedged and traded on-chain" without tokenization, which he described as a slow and costly process.
"We're taking leveraged trading mechanics and not only scaling them to real-world assets via oracles, but also expanding things on the limited partner side by making it more sophisticated," Singh said. "We like to think of it as the Uniswap V3 moment for LPs in these leveraged protocols."
