AVAI/ELK
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 technical overview. 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.
Score | 23 |
|---|---|
24h Vol | $0.73 |
Liquidity | $92.11 |
Holders | 775 |
Audits | |
Age | 4 years |
FDV | $6.6K |
Market Cap | $6.6K |
| Addresses | |
|---|---|
| Pool | |
| AVAI |  |
| ELK | |
AVAI to ELK Converter
Score | 23 |
|---|---|
24h Vol | $0.73 |
Liquidity | $92.11 |
Holders | 775 |
Audits | |
Age | 4 years |
FDV | $6.6K |
Market Cap | $6.6K |
About AVAI (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 technical overview. 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.
AVAI/ELK Price Stats
The current price of AVAI (AVAI/ELK) on Elk Finance (Avalanche) is $0.432, the price is up -1.56% in the last 24 hours. Its 24-hour trading volume is reported to be at $0.7298 with a total of 4 transactions. AVAI/ELK contract address is 0x7f57939d503cb8687213690906a8addb2cd6794b, with a Fully Diluted Valuation (FDV) of $6,565.22 and a liquidity pool of $92.11.
