AVT: A multi-faceted perpetual contracts trading platform

AVT is a perpetual contract trading platform built on the Optimism chain with decentralized, transparent and non-custodial features. AVT can meet users' needs for leveraged trading, through which AVT users can use up to 50x leverage to trade, go long or short mainstream tokens such as BTC, ETH and OP.

As one of the core components of the platform, liquidity providers can offer their tokens to help increase the liquidity of the platform while earning passive income. Liquidity providers are able to earn 80% of the platform's fee income and are also rewarded with additional AVT tokens for a specific period of time.

Traders can choose to swap, go long or short tokens backed by the platform's multi-asset pool, and all of these transactions have zero slippage, meaning no spread impact. At the same time, traders can also receive bonus tokens to increase their earnings.

To ensure open and transparent trading data, all trading data and proof of reserves are readily available on the chain 24 hours a day, 7 days a week. In addition, the platform uses high-quality price feeds, backed by industry leaders such as Chainlink as well as top cryptocurrency exchanges, for high reliability, transparency, and trading volume.

In summary, we can summarize the advantages that the AVT platform offers as follows:

First, achieving zero price impact and low liquidation risk, allowing users to trade with high leverage while not having to worry about losses to their assets due to price fluctuations.

Second, the non-regulatory and transparent nature of the platform ensures that the transactions made by users on the platform are fair and transparent, increasing their trust in the platform.

Third, it offers liquidity providers and traders the opportunity to earn money for providing liquidity or trading.

Fourth, the platform is also secure, fast and low Gas, which provides a better user experience.

Finally, the AVT platform's 100% platform revenue distribution and sharing ensures that all participants are fairly rewarded for trading on the platform. In addition, AVT also has high quality assurance in price provision. Its prices are sourced from industry-leading prophecy machines and exchanges such as Chainlink, and these sources have undergone multiple audits for reliability, transparency and transaction volume, ensuring the accuracy and fairness of prices.

Taken together, the AVT platform has multiple advantages, covering both market and user needs, and is able to meet the needs of all types of investors and provide a stable trading environment and potential revenue opportunities.

Incentives

The AVT platform provides participants with a variety of ways to earn income, including the following four main activities:

1. Providing liquidity tokens

Liquidity providers may offer any of the six leading tokens - BTC, ETH, OP, USDT, USDC and DAI - to increase platform liquidity. As compensation, they will receive 80% of all platform fee revenue and an additional AVT bonus token for the first three months from March 2023 to June 2023.

2. Trading on the platform

The platform will provide traders with AVT reward tokens as an incentive and motivation, which will be paid from the allocation pool.

3. Pledge AVT tokens

Anyone pledging AVT tokens will receive 20% of the platform fee income and additional AVT reward tokens which will be paid from the distribution pool.

4. Referrals and Commissions

Referrers can earn AVT commissions by inviting friends and community members to join the platform and make transactions. The amount of commission will be based on the volume of transactions made by invited friends and community members.

Taken together, the AVT platform offers a variety of earning opportunities for all participants and has invested in creating a great user experience and improving the liquidity of the platform. Whether you are a liquidity provider, trader, mortgagee or referrer, you will be able to earn by participating in some of these activities and enjoy the many advantages that the AVT platform offers.

Token Economy

The AVT platform uses a dual token model with two core tokens, AVT and ALP, respectively.

The AVT is the utility and governance token of the AVT ecosystem and accounts for 20% of the platform's revenue, while the ALP is the liquidity provider token of the AVT ecosystem and accounts for 80% of the platform's revenue.

1. Supply

In terms of maximum supply, AVT's target maximum supply is 10 million tokens. The timing of issuing more than 10 million tokens will depend on the expansion rate of the platform, which requires approval by a majority governance vote of AVT holders and a 28-day timed lock before minting operations can begin.

ALP tokens, on the other hand, are minted and redeemed based on the liquidity provided by the liquidity provider providing the liquidity.

2. Token allocation

1) 30% of the AVT tokens will be used to incentivize the AVT community, mainly including strategic ecosystem partners, single pledged AVTs and paired pledged liquidity pools on designated decentralized exchanges;

2) 25% of the AVT tokens will be allocated to a DAO fund to maintain an active and stable financial reserve for the platform, mainly for repurchasing AVT tokens, providing additional liquidity, etc;

3) 15% of the AVT tokens will be allocated to investors and supporters who invest in and support the AVT platform, with linear vesting over a two-year period;

4) 10% of the AVT tokens will be given as additional rewards to liquidity providers and traders who participated in the platform during the first three months, while the first month's reward will be higher than the second month's and the second month's reward will be higher than the third month's;

5) 10% of AVT tokens will be allocated to community-related activities, including airdrops and giveaways, partner rewards, community engagement programs and community-led proposals;

6) Finally, 10% of AVT tokens will be allocated to key contributors who provide significant development and support.

AVT's dual token model is designed to promote the health of the platform ecosystem. By allocating a large portion of the platform revenue to liquidity providers, more liquidity providers can be incentivized to join the platform, increasing market depth and liquidity, and thus providing a better experience for trading users.

At the same time, the application and governance functions of AVT tokens provide financial support for platform construction and upgrades, and can be repurchased and provide additional liquidity through the DAO fund, ensuring the stability and sustainability of the platform.

In addition, the community, investors and contributors are able to earn from their respective shares, thus jointly advancing the development and growth of the platform.

Governance Model

AVT's governance structure is divided into two distinct phases: initial governance and hybrid DAO governance.

1. Initial Governance Phase (January 2023 - August 2023)

This phase is handled by the main contributing team for technical construction and operations, security and risk management, community building, and collaborative ecosystem. The goal is to successfully bring AVT from concept to community and establish the right processes and incentives for the long-term development and sustainability of the AVT platform.

2. Hybrid DAO Governance Phase (from August 2023)

In this phase, important matters will be proposed and put to vote by AVT holders, such as strategic direction. Day-to-day operational matters will still be managed by the Contribution Team, who will manage these proposals for voting based on importance and relevance. For a proposal to be adopted and implemented, it will require the support of a majority of AVT holders.

The concept of hybrid DAO governance avoids inefficiencies by identifying and optimizing which aspects should be decentralized and to what extent. the community of AVT is at its core, providing participants with a voice through voting rights and allowing all participants to share in the identity of AVT and thus grow together.

At the same time, AVT continues to leverage the expertise and management of the contributing teams to handle day-to-day operations and execution without relying on a longer voting process. Thus, the hybrid DAO governance structure is best suited for AVT's growth and sustainability initiatives.

Conclusion

The AVT platform is a perpetual contract trading platform built on the Optimism chain with decentralized, transparent and non-custodial features. Its dual token model and multiple incentives provide participants with multiple earning opportunities and uses a hybrid DAO governance model that allows all participants to share in the identity of AVT and thus grow together.The advantages of the AVT platform include achieving zero price impact and low liquidation risk, non-custodial and transparent features, earning opportunities for liquidity providers and traders, and secure, fast and low Gas, among other features. Taken together, the AVT platform covers the market and user needs and is able to meet the needs of all types of investors and provide a stable trading environment and potential revenue opportunities.