Avantis Labs, Inc.
December 1, 2023
Avantis
Findings Impact LevelCount
Critical
6
High
9
Medium
6
Low
10
Informational
7
CriticalHighMediumLowInformational
Prepared by
Nipun GuptaEngineer[email protected]
Kuilin LiEngineer[email protected]
About

Avantis is developing a user-friendly, decentralized, leveraged trading platform where users can long or short synthetic crypto, FOREX, and commodities using a financial primitive called perpetuals.

Synthetic leverage combined with a USDC stablecoin LP makes Avantis very capital efficient, allowing for a wide selection of tradable assets and high leverage (up to 100x). They are also unlocking fine-grained risk management for LPs via time and risk parameters, allowing any LP to be a sophisticated market maker for all kinds of derivatives, starting with perpetual.

Executive Summary

Zellic conducted a security assessment for Avantis Labs, Inc. from November 6th to November 24th, 2023. During this engagement, Zellic reviewed Avantis's code for security vulnerabilities, design issues, and general weaknesses in security posture.

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