Orca AVAI Profile (AVAI)
Project Safety Score
Wed, Jul 12, 2023 7:50 AM
Market Cap | unknown | |
Market Dominance | unknown | |
24hr Volume | $39.57 | |
Price | $0.9449 |
Orca AVAI
token
Avalanche C-Chain
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.
- whitepaper not submitted
- team not submitted
- Avalanche Ecosystem
- Avalanche
- Avalanche C-Chain
- no features
- exchanges not submitted
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