#P11Veranta

Veranta review

AMM perp DEX, formerly Avantis#P11EVM

Avantis became Veranta, and the model stayed the same: an AMM-style venue where your fee depends on which side of the market you take, from 0.001% when you balance open interest to 0.045% when you add to it. Leverage reaches 500x on FX majors and 250x on blue-chip crypto through Upside Perps.

Open Verantaveranta.xyz

veranta.xyz

DegenBenchChecked 27 Sept 20267 sources · official docs + public data#P11

Perpetual futures are leveraged: a small move against you can liquidate your position. Only trade what you can afford to lose.

Trading fees: 0.045% taker · 0.001% makerNo order book: the venue prices against its vault and rewards the side that balances open interest. Opening or closing on the lighter side costs 0.001%, on the heavier side 0.045%, charged on notional at both ends. Forex, commodities, indices and equities trade with zero commission while those markets are in growth mode, and Upside Perps skip upfront fees to take a share of profits instead. Funding and borrow are charged while the position is open.
New-user perk: None documented
Max leverage: up to 500×100 perp markets
Identity check: No KYC
Custody: Non-custodial, gasless one-click trading from your wallet
Settles on: Base (Avantis/Veranta contracts) · USDC
Where it runs: Web
30-day volume: $3,194.0MDefiLlama still lists the venue under the slug “avantis” while showing the new name Veranta, 28/09/2026. Reported volume is taken as published; DefiLlama publishes no normalized figure for this protocol.

Who it’s for

Pick it if

You want one account for FX, equities, commodities and crypto, and you are willing to trade the balancing side to pay almost nothing.

Skip it if

You need a stable brand with years of documentation, a mobile app, or a cash-percentage referral published up front.

Strengths

5% referral rebates on referees' fees, with no application and no volume threshold: the code is created in the app.
$3.2B of perp volume over 30 days across 100+ assets, with the docs targeting 500+ RWA markets by the end of 2026.
Asymmetric fees reward balancing trades: 0.001% on the lighter side against 0.045% on the heavier side.
Trading is gasless: you sign, Veranta submits and sponsors the gas, so no ETH is needed to open a position.

Limits

The brand changed in 2026: avantis.finance is now an expired domain for sale, and the documentation links moved to docs.veranta.xyz.
The deposit chain is read from DefiLlama (Base); the docs describe gasless trading but do not list the deposit networks in text.
RWA zero-fee trading is explicitly a temporary growth mode, so the headline can change without notice.

What it offers

Order bookNo
Cross marginNot documented
Spot tradingNo
Vaults / copy vaultsYes
Copy tradingNot documented
Stocks, gold or forexYes
Points programNot documented
APIYes
Mobile appNot documented
Telegram botNo

“Not documented” means we found no official page, not that the feature is missing.

How to start safely

Open the official app
Type veranta.xyz yourself or use a bookmark: phishing copies of perp exchanges are common.
Deposit a small amount first
Send a test deposit of the collateral the exchange accepts, on the chain it documents, before moving more.
Set leverage and a stop before the order
Pick isolated margin for a new trade, keep leverage low, and place the stop-loss with the order, not after.
Watch funding and liquidation price
Funding is paid regularly while a position is open, and the liquidation price moves closer as leverage rises.

How to start trading perps on a DEX