What is Orca AVAI?

AVAI is a cryptocurrency pegged to the US Dollar, designed to maintain a value close to $1.00 USD. It is backed by collateral tokens locked in a personal Vault within an Orca Bank, along with additional mechanisms outlined in its technical documentation.

The system operates in a decentralized manner, allowing users complete control over their funds without the involvement of traditional financial institutions. Users can deposit a specific ERC20 token as collateral to receive AVAI. For instance, depositing $150 USD in collateral enables the user to borrow up to 100 AVAI, equivalent to $100 USD, allowing them to manage a total investment of $250 USD while retaining a stable debt of $100 USD.