USDC.e/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.
Score | |
|---|---|
24h Vol | $13.06 |
Liquidity | $9.8K |
Holders | 93.8K |
Audits | |
Age | 4 years |
FDV | $6.1K |
Market Cap | $6.1K |
| Addresses | |
|---|---|
| Pool | |
| USDC.e |  |
| AVAI | |
AVAI to USDC.e Converter
Score | |
|---|---|
24h Vol | $13.06 |
Liquidity | $9.8K |
Holders | 93.8K |
Audits | |
Age | 4 years |
FDV | $6.1K |
Market Cap | $6.1K |
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.
USDC.e/AVAI Price Stats
The current price of AVAI (USDC.e/AVAI) on Pangolin is $0.4027, the price is up -2.04% in the last 24 hours. Its 24-hour trading volume is reported to be at $13.06 with a total of 20 transactions. USDC.e/AVAI contract address is 0xed7a2b4054757cfdb632af15ad528624f0fff3b0, with a Fully Diluted Valuation (FDV) of $32.66M and a liquidity pool of $9,800.88.
