Avantis Launches 40 Million AVNT Token Rewards Program

Avantis's latest price was $2.01, down 1.182% in the last 24 hours. Avantis, a decentralized finance platform for on-chain leveraged trading built on Base, has announced plans to distribute 40 million AVNT tokens as rewards over the next five months as part of its Season 3 program. The distribution will target XP holders, users who have accumulated Experience Points through trading activities on the platform. This initiative is designed to bolster active participation and liquidity within the DeFi space.

The introduction of a boosted claim mechanism encourages staking, providing a 35% token bonus for those locking their tokens within 18 hours. These adjustments aim to enhance trader and investor engagement, ensuring a more dynamic DeFi environment. The recent listing of AVNT on Coinbase as an experimental asset suggests endorsement of its potential impact. However, the $4 million Sybil attack incident raised significant concerns about security during such events.

Avantis has announced a five-month AVNT rewards program that distributes 40 million tokens. The initiative targets 75% of its rewards to traders and the remaining 25% to liquidity providers. This strategy is designed to bolster active participation and liquidity within the DeFi space. The introduction of a boosted claim mechanism encourages staking, providing a 35% token bonus for those locking their tokens within 18 hours. These adjustments aim to enhance trader and investor engagement, ensuring a more dynamic DeFi environment.

Crypto market participants have expressed interest in Avantis innovative approach. The recent listing of AVNT on Coinbase as an experimental asset suggests endorsement of its potential impact. However, the $4 million Sybil attack incident raised significant concerns about security during such events.

Avantis's reward distribution approach echoes strategies seen in large-scale airdrops like Uniswap, which historically spurred increased user engagement and trading activity. Insights from Coincu's research team indicate that Avantis's strategy may lead to robust DeFi ecosystem growth, leveraging similar tactics that drove success in previous protocol launches. The potential footprint of AVNT within regulatory frameworks remains under scrutiny, aligning with broader DeFi examination trends.

Avantis has launched Season 3 of its rewards program, initiating a significant distribution of 40 million AVNT tokens scheduled over the upcoming five months. This rewards initiative targets users holding Experience Points (XP), which are accumulated through active participation in leveraged trading activities on the Avantis platform. Eligible XP holders will receive these token incentives directly based on their accrued experience points.

Concurrently, the platform executed substantial airdrop campaigns throughout September, successfully distributing AVNT tokens to a large number of new users. These campaigns are part of Avantis's strategy to broaden its user base and encourage engagement with its decentralized leveraged trading services on the Base network.

The platform continues to position itself as a key player among decentralized derivatives platforms operating on Base, emphasizing its focus on on-chain leveraged trading. The combination of ongoing rewards distributions like Season 3 and targeted airdrops highlights Avantis's commitment to fostering active user participation and expanding its ecosystem reach within the decentralized finance landscape.