Introducing v1.5.1: Our biggest fee and OI overhaul specifically for crypto alt-coins:
→ 25% decrease in taker fees (to 4.5bps) on all crypto pairs.
→ Up to 5x increase in altcoin OI.
→ CEX-level spreads for all altcoins.
→ 50% decrease in average borrow (holding) fees
🧵👇
1/ Open + Close Fees: 25% Reduction
Fixed taker fees are down to 4.5bps of position size (even lower with ref codes). Avantis is still the only onchain perps DEX to offer zero-slippage BTC trading with only 4.5bps open / close fees.
Trade more, pay less.
2/ Open Interest
OI caps on altcoins have been lifted. Average OI has now increased by 4-5x (depending on the pair).
For example, L2s like $ARB and $OP have 2M OI each. BTC and ETH have $10M in notional OI. We'll continue raising these caps.
3/ Borrow Fees
We've introduced a minimum threshold (10-20% annualized), with utilization-based spikes, similar to traditional money-markets like @aave.
This ensures competitive holding fees at low-medium utilization, while compensating LPs during extreme market volatility.
4/ CEX-spreads
Market orders will be filled based on slippage from CEX orderbooks, ensuring the most liquid spreads onchain. Don't trust us - verify by comparing market order spreads on the same altcoins (against every other perp DEX).
Instant fils, with competitive spreads.
5/ Pro tip: Optimized spreads
For larger market orders, break down orders into smaller ones to avoid high spread impact.
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