Introducing $AVNT
The ticker for DeFi's Universal Leverage Layer
About Veranta
Veranta is a fully on-chain, high-performance exchange offering cross-asset leverage on crypto, forex, metals, equities and other real-world assets.
With over $90B+ in cumulative trading volume, 100,000+ users, and backing from Pantera Capital, Founders Fund, and Coinbase, Veranta is building DeFi's universal leverage layer.
Token Overview
Core Utility
$AVNT is Veranta's utility token. Stakers secure liquidity providers during volatility, and earn AVNT rewards. Like AAVE's Safety Module, staked AVNT can be slashed if losses exceed the buffer. Stakers also get trading perks and XP boosts.
Governance
All token holders can vote on key changes to the protocol, expansion to new chains, enhancements to the leverage trading AMM (fees, new asset additions), development of new product lines (e.g. a native money market), etc. Governance will be live soon.
Community Rewards
A portion of AVNT will be set aside for community rewards. These can be divided into two main components: traders on Veranta can earn AVNT token rewards based on their trading activity on the protocol; and liquidity providers who supply USDC on the protocol may be eligible to earn AVNT rewards.
Token Allocation & Unlock Schedule
Fully unlocked at TGE
Reserved for all protocol activity from February 2024 across S1 and S2, as well as community contributors. The entire airdrop will be claimable on day 1 of TGE.
FAQ
$AVNT is the utility and governance token of Veranta. It exists to give the community ownership and decision-making power, and to incentivize participation across the ecosystem.
