Avantis
Best for documented on-chain trading
How it rates
- Audit report linked from a public dataset
- Documentation published at a public address
- Single-chain deployment
Each indicator scores 2, 1 or 0. A pillar is the points earned over the points available; the overall score is the weighted sum. Every source below is public — check any of them yourself.
- MetIndependent audit published with a linked report
Audit report linked from the public protocol dataset.
586275454-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spa - Met
- MetProtocol tracked by an independent analytics platform
Listed with published TVL and history.
defillama.com/protocol/avantis - Met
- MetApplication reachable at a public address
Reachable without an account at this check.
www.avantisfi.com
- MetDocumentation published where fees are described
Documentation reachable for fee review.
docs.avantisfi.com/ - Met
- MetIndependent dataset publishes protocol economics
TVL and change history published independently.
defillama.com/protocol/avantis - PartialFee model documented publicly
Documentation available; specific fee tiers not captured at this check.
docs.avantisfi.com/ - Met
- Met
- Not met
- Not met
- Not met
- MetListed on the independent dataset for over a year
Listing date recorded in the dataset.
defillama.com/protocol/avantis
- MetIndependent analytics page published
Public protocol page with history.
defillama.com/protocol/avantis - MetAudit documentation linked publicly
Audit report linked.
586275454-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spa - Met
- MetProtocol identity and chains disclosed
Chains and category published: Derivatives.
defillama.com/protocol/avantis - Met
- Met
- Met
- Met
- MetAudit links reachable
Linked publicly.
586275454-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spa - Met
A synthetic perpetuals protocol on Base covering crypto, forex and commodities, holding $21m with two audits and published reports.
Our assessment
Avantis runs synthetic perpetuals on Base across crypto, forex and commodities, with $21m locked, two recorded audits and reports linked. It is small and it is one of only four perp venues here with published audit evidence.
Synthetic markets beyond crypto
Offering forex and commodity exposure on-chain means anyone with a wallet can take a position in markets that normally require a broker and a jurisdiction that permits it. There is no underlying asset — the position is a contract priced by an oracle, backed by the protocol's liquidity, which is a different instrument from a futures contract on a regulated venue.
Liquidity providers can choose their risk
Providers take the other side of trader flow and can select their exposure tier rather than underwriting everything uniformly. Segmenting risk this way is the same instinct behind GMX's isolated pools, and it is the correct one: pooled underwriting means the safest markets subsidise the most dangerous.
Size is the honest limitation
At $21m, position sizes are constrained by the capital available to take the other side. Market quality is 25% of the score in this category and it records that plainly. A well-audited small venue is a reasonable choice for modest positions and the wrong one for size.
Who it suits
Avantis fits traders wanting on-chain forex or commodity exposure in modest size from an audited protocol. Traders needing depth should use GMX, Hyperliquid or Jupiter.
How rivals compare
| Service | Score | Best for | |
|---|---|---|---|
| GMX V2 Perps | 9.3 | audited, multi-chain deployment | Read → |
Frequently asked
Does this score mean Avantis is safe to use?
No. It measures what an outsider can verify: linked audits, published documentation and independently recorded market data. Contract behaviour is not tested by us.
Where does the TVL figure come from?
An independent public analytics platform, queried at the verification date. Anyone can re-run the same query.
Why do some protocols score zero on audits?
Because no audit report is linked in the public dataset. It records what a user can reach, not a claim that no audit was ever performed.