Avantis, a derivatives exchange in the Base ecosystem, establishes a foundation, sparking speculation of an imminent TGE

According to ChainCatcher, Base ecosystem derivatives exchange Avantis reposted a long statement from the Avantis Foundation on the X platform, reiterating that the foundation’s main tasks are to ensure protocol development and security, community governance and transparency, as well as ecosystem growth and innovation, suggesting a possible token launch is imminent.

Previously reported, Base ecosystem derivatives exchange Avantis completed an $8 million Series A funding round this June, led by Founders Fund and Pantera Capital, with participation from Symbolic Capital, SALT Fund, and Flowdesk.