Avantis, a derivatives trading platform in the Base Protocol ecosystem, has announced the creation of a foundation structure aimed at enhancing governance and growth strategies.
Establishment of Avantis Foundation
Avantis has announced the formation of a foundation, a strategic move to strengthen governance and promote growth. This initiative aligns with the expansion of Base Protocol and reflects Avantis's commitment to decentralized governance.
Goals and Strategy of Avantis
The leadership of Avantis includes Harsehaj Singh, CEO of Lumena Labs, guiding the project through its expansion journey. Singh focuses on broadening Avantis's total addressable market, demonstrating the platform's ambition to integrate global assets onchain.
Impact on Derivatives Market
The formation of the foundation may reshape the derivatives market within Base Protocol. This move is expected to facilitate decentralized governance and could attract additional institutional interest due to enhanced structural reliability.
The establishment of the Avantis Foundation could significantly alter the dynamics of the derivatives market and set new standards for integrating assets onchain.
