Veranta just turned on 1,000x leverage on Base. Your liquidation is about 0.085% away.
Veranta (formerly Avantis) raised the cap on its BTC and ETH Upside perps to 1,000x, double the 500x in its own market guide. Positions liquidate at an 85% loss of collateral, which The Defiant works out to a roughly 0.085% move against you, before spreads and funding.
The pitch: no upfront fees, "no queues," instant profit redemption. Winners get paid from a buffer of other traders' losses first, then from the avUSDC vault. Veranta's own docs say LPs can lose principal if trader profits outrun that buffer.
At 1,000x, a candle wick is a career decision.