The new popular RWA perp DEX kid on the block @OstiumLabs has been getting all the spotlight recently But most people are STILL sleeping on @avantisfi: - Is currently comedically underfarmed with a points program that ends this month with TGE soon after - Top Perp DEX on base in terms of fees, volume, revenue - Is backed by @base and @PanteraCapital (4M raised) - Offers more RWA pairs & lower fees than Ostium - Launched DeFi's first zero-fee perpetuals trading (more details on this in later post) Here is how the campaign works, why its underfarmed, and the strategy I'm using to position accordingly (and no it's still no too late): _________________________________ I've been talking about @avantisfi for a while as one of my few high conviction Perp DEX farms We're currently in week 3 of the 6 week campaign to wrap up the end of their final S2 After S2 = with AVNT TGE soon after (as per their docs) Here is how it works and why I'm getting involved: - 500M trading XP distributed over 5 weeks - Week 1 has 50M trading XP which will linearly grow to 150M by the final week 5 - 2x Trading XP boost until S2 ends - LPs now get a 2x XP boost on all existing and new deposits - Trade RWAs with ZERO closing fees - Score is based 80% on the trading fees you generate and 20% on your trading losses, relative to other traders. Bulk of the rewards (60%) go to diamond (top 10% tier) and 25% of rewards go to 2nd highest Diamond (75-90th percentile) Full post from Avantis for reference: https://x.com/avantisfi/status/1917230467902029879 Evidence of being underfarmed: I posted about this in the only previous trading campaign Avantis ran TLDR After about 2 trades and 90K in notional volume (~20 in fees if no money lost on trade) I'm projected to get ~440k Trading XP For reference I had a average of ~500 in LP for like 8 months and have earned ~350k LP XP Small caveat here is that we don't know the weighting of LP XP vs trading XP Regardless however, competition was comedically low at ~2550 users: https://x.com/info_insightful/status/1864849490445849043 Think hitting similar user KPIs will be slightly harder this time around but still believe the wallet competition is relatively low Why is it underfarmed? Most have Perp DEX farming PSTD from past poorly executed / extractive campaigns like with Orderly and Logx = turbo fade anything Perp DEX related without doing any research Perceived higher effort required to be competitive but since the wallet competition is so low it doesn't actually require that much effort or fees paid to rank within the top 2 tiers ___________________________________ My strategy 1/ Provide spare liquidity to the USDC vaults = ~18% APY + earning 2x liquidity XP, lock that LP until the end of the month to get a higher APR % Ex - Instead of having liquidity on Superform in Avantis vaults remove that and deposit it into Avantis directly 2/ Push volume. More trades = more fees paid (makes up 80% of your XP) = more XP Optimize for wins = keep taking small wins consistently, it's the easiest way to level up + in parallel run higher leverage zero-fee perp trades When pushing volume set a tight stop loss (~1%) to reduce losses I recommend setting up 1-click trading via the platforms smart wallet to reduce the amount of txns you have to sign for every trade since everything is directly on-chain You can also use my code to save 10% on trading fees: " Insightful "