Avantis: 40 million AVNT rewards will be distributed in the third season

Avantis, a decentralized leveraged trading protocol built on the Base chain, announced on the X platform that it will distribute 40 million AVNT rewards in Season 3. 4% of the total supply (over $80 million) will be distributed to XP holders over the next five months. Season 3 is scheduled to end on February 28th of next year, at which time AVNT rewards will officially launch. The rewards will be distributed as follows: 25% to liquidity providers (LPs) and 75% to traders. This means that liquidity providers will receive 1% of the total AVNT supply (worth $20 million at current prices), and traders will receive 3% of the total AVNT supply (worth $60 million at current prices). A newly upgraded S3 points dashboard will be available mid-next week.