The Base ecosystem derivatives trading platform Avantis established a foundation.

According to Mars Finance, on July 30, the Base ecosystem derivatives trading platform Avantis announced the establishment of a foundation. The main tasks of the foundation are to ensure the development and security of the protocol, community governance and transparency, and ecosystem rise and innovation. Previously, it was reported that Avantis completed an $8 million Series A financing, led by Peter Thiel's Founders Fund and Pantera Capital, with participation from Symbolic Capital, SALT Fund, and Flowdesk.

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