🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
#AVNT# $AVNT Avantis is an innovative DeFi protocol focused on **Perptual Futures trading and tokenization of real-world assets (RWA). It is built on the Ethereum Layer 2 Optimism, aiming to provide users with an efficient and low-cost Margin Trading experience. Its token $AVNT is the governance and utility token of the ecosystem.
I will provide a detailed interpretation from several aspects:
1. What is the project about? (Core business)
1. Decentralized Perptual Futures Trading:
* This is the core functionality of Avantis. Users can trade various cryptocurrencies (such as BTC, Ether), foreign exchange (such as EUR/USD), and commodities (such as gold, oil) perpetual futures on the platform.
The main feature: It employs a unique "Virtual Automated Market Maker (vAMM)" model. This model does not rely on traditional liquidity pools but generates depth through algorithmic and oracle pricing, theoretically providing higher capital efficiency and lower slippage.
2. Tokenization of Real-World Assets (RWA):
Avantis is not limited to cryptocurrencies; it is also committed to bringing traditional financial market assets (such as stocks and indices) on-chain. Users can trade synthetic assets that represent these assets, obtaining risk exposure without actually holding the underlying assets.
3. Incentive Mechanism:
Users can go long or short on various assets by providing collateral (primarily stablecoins like USDC).
Traders pay transaction fees and funding rates, while liquidity providers (LPs) who provide collateral for the system can earn these fees as income.
2. Token Economics ($AVNT )
Token Use:
1. Governance: Holders can vote on proposals and decisions regarding key parameters of the protocol (such as fee structure, new asset listings, and risk management).
2. Fee Discount: Using $AVNT to pay transaction fees can earn a discount.
3. Revenue Sharing: A portion of the protocol's income may be used to buy back and burn $AVNT, or distributed to stakers, thereby capturing value for the Token.
4. Staking and Incentives: Users can stake #AVNT to earn more rewards or enhance their rights within the ecosystem.