Building the universal leverage layer @verantaxyz | Previously: public / private markets investor, consultant @mckinsey. @Uchicago economics / biology.
New York City
Joined August 2013
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One month since the rebrand, great to reflect on our founding story for @verantaxyz (formerly Avantis).
Meet @raymdong from @avantisfi
From a love of building that started with Legos, to building Avantis - the universal leverage layer on Base
This is his story
Great read about a korean trading legend written by @HamerCrypto and @Joe___Huang. He made 3,537 BTC of profit on BitMEX but now trades the KOSPI.
From day 1, we built @verantaxyz to be an all weather exchange where crypto and RWAs (esp korean equities) can live together. 😎
Korea's coin legend Wonyotti released 1.44M BitMEX trades. Rebuilt, they match BitMEX's ledger to 0.018 BTC.
14.5 BTC in. 3,537 $BTC profit. 80% withdrawn before FTX.
거래내역 144만 건, 전부 다시 맞춰 봤어요.
Contributed by @verantaxyz #워뇨띠 #비트코인
optimistfi.com/perps/news/th…
Long time in the making... proud to be the first to bring most of these korean names onchain for the first time.
On @verantaxyz In the last 24 hours, we did over 700 million in volume on Gold $XAU. This is more than every other on-chain perp DEX combined, based on my calculations.
We're starting to see this trend pretty consistently. Why?
Traders are coming on and using 50 to 100x leverage to catch quick moves and scalp. We offer up to 200x which is more than other venues. They get immediate fills on $12+ million positions and then don't pay any fees with effectively no slippage, especially for our VIPs
With our new RFQ model, we flipped the whole system on its head, this gives us a nice structural advantage. If you know any size gold traders, i'd love to give them funded wallets to try us out.
DM me if you have issues with @papertrade_xyz and I'll help you onboard to @verantaxyz ... and you can enter our incentive campaigns
If you want instant payouts on 500x leverage BTC, try Upside Perps.
Zero queues, guaranteed payouts, self-custodial trading, fair pricing.
docs.veranta.xyz/trading/ups…
Really big week at @verantaxyz, able to get to #2 in daily volume rankings.
Got the question a lot "What is driving this?"
Comes down to two things:
1. Traders are able to put on RWA positions in size with zero fees, and effectively zero spreads, which is very unique to the platform.
2. Our upside perps offering is quite unmatched, where you can get the highest leverage (500x) and only pay fees if you win. It's an asymmetric trade where your max loss is your collateral but max win is 25x.
Another day, another near 10M single shot gold position paying 0 fees and near 0 spreads... only on @verantaxyz
Traders like these are why we hit all time highs in 24 hour volume, now at 5B 🤯
Reminder: 30% of fees go towards buy back and burn of base:0x696f9436b67233384889472cd7cd58a6fb5df4f1
Another day, another near 10M single shot gold position paying 0 fees and near 0 spreads... only on @verantaxyz
Traders like these are why we hit all time highs in 24 hour volume, now at 5B 🤯
Reminder: 30% of fees go towards buy back and burn of base:0x696f9436b67233384889472cd7cd58a6fb5df4f1
GM to all the @verantaxyz traders 💪
base:0x696f9436b67233384889472cd7cd58a6fb5df4f1
Woke up to a trader putting on a 9.1M single shot position for gold on Veranta on @base 🤯
This trader paid 0 commission and 0 spreads on this position. Can't get this anywhere else onchain.
We take care of our large traders with unique VIP perks. DM me if you know anyone!
Really proud of the team for incredible traction these few months. Onward!
100B in total volume traded! 🥳
We crossed this major milestone just a few weeks after publicly announcing Veranta to the world.
We've also:
- 6x'ed our OI over the last month, driven by RWAs
- Become the most competitive platform for RWA perp traders
- Launched dozens of assets untradeable anywhere else onchain
- Seen incredible uptake from Treasures & Trades comp powered by @base
- Rolled out agentic trading advisors to our largest traders
Raymond Dong retweeted
Announcing our largest new asset launch since inception. 🥳
39 new assets live on Veranta and @base today, up to 25x leverage.
26 of these assets are currently untradeable on-chain. We are the first DEX to bring trading to these names.
Many more names coming soon... we are well on our path to 500+ RWAs by year end.
Can’t wait for this segment with @bigwil
Will also share a mega boost code for the trading comp so plz tune in for the alpha 👀
Back again for Base Weekly Episode 13!
➥ We'll welcome the @verantaxyz team (formally Avantis) back to the show. Their V2 is now open to all, they've rebranded, they've got some cool incentives running for traders, along with a new live streamed trading comp. We'll hear about it all and get the latest from Veranta team.
➥ We've tracked the movements of the $Virtual token since the start of Base Weekly and it's sitting at a three month ATH right now. We'll take a look at what could be causing the move as the token races back towards the $1 mark.
➥ As we always do, we'll take a look at the week that has been on @base. We'll also preview the week ahead as it's set to be another big week on Base.
↛. We go live at the below times. Set your reminders in the comments and I look forward to seeing you there;
Tuesday 9am Australia
Tuesday 7am Asia
Monday 11pm UTC
Monday 4pm Pacific Time
Really proud of the entire @verantaxyz team for this accomplishment, but we have much more coming as we sprint towards year end!
Can't wait to host this tomorrow alongside some talented @verantaxyz traders!
16 of the biggest traders, KOLs, and operators on @base Go head-to-head to be crowned champion and earn exciting rewards every stream.
Week 1 features the base OGs like @bigwil, @KieranOnBase, @hryhorii77, Tokenking hosted by @raymdong
Thanks for the shoutout @CoinbaseDuck
We're adding many more equities, most of which are untradeable onchain today. Tell us what you want to trade on @verantaxyz 👀
People are missing the point on why @base B20 tokenized equity will win at the end.
Access/trade: for unbrokered - you can trade perp-powered equity more efficiently, there is no need to buy tokenized $NVDA, I recommend @verantaxyz on @base
Borrowing/lending/hodl - this is where @coinbase wins, the lender will take $NVDAc as collateral instead of any other synthetics due to counter party risk.
Few understands this
Best platform on chain to trade $XAU in size is @verantaxyz
A single $XAU trader built up ~$19M worth of positions. Whales are voting with their dollars on @verantaxyz base:0x696f9436b67233384889472cd7cd58a6fb5df4f1 for RWA perps. Here's why:
- Market clip $10M of XAU within 1bps slippage.
- Zero opening or closing fees.
- Predictably low holding fees: ~3% APR to short.
- Hybrid AMM / RFQ model: Get instant fills at the available liquidity, instantly. Zero scam wicks.
If you trade real assets in size and want predictability plus fair pricing, DM me.
Hope you can tune in. Will be a fun discussion!
Come join me and @AhaanRaizada for the first builder roundtable as we discuss tokenized equities with these legends
- @stambouli_o1
- @raymdong
- @Stonks_Exchange
- @toady_hawk
See you then!
Raymond Dong retweeted
Excited to be talking with @moontripss, with my co-host @raymdong, about what she has been up to this Sunday at 6:00PM EST.
Topics we will discuss:
- Her time at the TON foundations
- How #TON changed with the Telegram take over, and the last days of the TON foundation as a standalone entity
- @moontripss recent film festival submission, which she made with AI: what she learned from the process and where she sees #AI in both #filmmaking and #trading/#crypto
- Discuss the big news from @avantisfi with our recent release of V2: what that meaning for traders and preview our #AIAgent roadmap
