Avantis launches AVNT token buyback and burn mechanism

PANews reported on March 12 that Avantis has announced the launch of a systematic AVNT token buyback and burn mechanism, effective immediately. The new mechanism allocates 30% of daily trading revenue (including opening fees, closing fees, and profit-taking fees) to purchase and burn AVNT on the open market. Avantis stated that due to volatile market conditions and time friction associated with fixed-income thresholds, this systematic allocation ensures continued participation under all market conditions and allows funds to invest at more favorable prices.

Margin fees and clearing fees are not included in daily repurchases. Margin fees are 100% allocated to limited partners (LPs) as risk management compensation, while clearing fees go into the protocol treasury to maintain team operations. The next phase plans to increase the repurchase ratio to over 50% of daily trading revenue, but this requires the completion of the protocol economics upgrade, expected by the end of the second quarter. Avantis stated that it will soon announce AVNT's staking functionality.

Previously, it was reported that Base ecosystem derivatives exchange Avantis completed an $8 million Series A funding round, led by Founders Fund and Pantera Capital .

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Author: PA一线

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