AVAI (AVAI) is currently priced at $0.67 USD. The price has decreased 0.00% in the last 24 hours. Fully diluted valuation: $1,480,166.75. Total supply is 2,196,315.86 AVAI.
Stats
| 1 Day | −0% |
|---|
| 1 Month | −0.01% |
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| 3 Months | +0.29% |
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| 1 Year | +0.25% |
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| 1 Day | 1 Month | 3 Months | 1 Year |
|---|
| −0% | −0.01% | +0.29% | +0.25% |
| Market Cap | $0.00 |
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| Fully Diluted | $1.5M |
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| Market Cap | Fully Diluted |
|---|
| $0.00 | $1.5M |
About AVAI
AVAI is an asset that is pegged to the US Dollar; in other words, a coin intended to float as close to $1.00 USD as possible. It will be backed by locking tokens as collateral in a personal Vault in a Orca Bank as well as via other mechanisms described in the <a href="https://docs.avai.finance/protocol/technical-overview" target="_blank" rel="noopener noreferrer nofollow">technical overview</a>.
The entire process is decentralized and does not use a middleman such as a financial institution, meaning simply that the user is in full control of their funds at all times.
An Orca Bank is the contract that allows a user to deposit a specific ERC20 as collateral, granting AVAI in return. Using the USDC token as an example, if a user deposits $150 USD worth of collateral funds into a Vault, they will have the ability to borrow up to 100 AVAI, worth $100 USD. This grants them the opportunity to invest a total of $250 USD, while owing a stable $100 USD.