# Core Tokens

The Avant Protocol ecosystem is powered by a suite of tokens, each with a distinct purpose. This structure allows you to choose the underlying asset you wish to earn yield on.

The table below provides a quick overview and comparison of the entire token family, which is followed by detailed descriptions of each token.

<table data-full-width="false"><thead><tr><th width="142.9375">Backed Asset<select><option value="DbPAvof51JrR" label="USD-Backed" color="blue"></option><option value="HmB5OUTtG7tL" label="BTC-Backed" color="blue"></option><option value="zkIAvbZbhaos" label="ETH-Backed" color="blue"></option></select></th><th width="184.109375">Token</th><th width="210.58984375">Available On</th><th>Key Feature / Role</th></tr></thead><tbody><tr><td><span data-option="DbPAvof51JrR">USD-Backed</span></td><td>avUSD (Avant USD)</td><td><strong>Avalanche</strong> (Native)<br><strong>Ethereum</strong> (Bridged)<br><strong>Linea</strong> (Bridged)</td><td><a data-footnote-ref href="#user-content-fn-1">Base asset</a></td></tr><tr><td><span data-option="DbPAvof51JrR">USD-Backed</span></td><td>savUSD (Staked Avant USD)</td><td><strong>Avalanche</strong> (Native)<br><strong>Ethereum</strong> (Bridged)<br><strong>Linea</strong> (Bridged)<br><strong>Plasma</strong> (Bridged)<br><strong>Arbitrum</strong> (Bridged)<br><strong>Berachain</strong> (Bridged)</td><td><a data-footnote-ref href="#user-content-fn-2">Senior Tranche</a></td></tr><tr><td><span data-option="DbPAvof51JrR">USD-Backed</span></td><td>avUSDx (Avant USD Max)</td><td><strong>Avalanche</strong> (Native)<br><strong>Ethereum</strong> (Bridged)<br><strong>Linea</strong> (Bridged)</td><td><a data-footnote-ref href="#user-content-fn-3">Junior Tranche</a></td></tr><tr><td><span data-option="HmB5OUTtG7tL">BTC-Backed</span></td><td>avBTC (Avant BTC)</td><td><strong>Avalanche</strong> (Native)<br><strong>Ethereum</strong> (Bridged)<br><strong>Linea</strong> (Bridged)</td><td><a data-footnote-ref href="#user-content-fn-4">Base asset</a></td></tr><tr><td><span data-option="HmB5OUTtG7tL">BTC-Backed</span></td><td>savBTC (Staked Avant BTC)</td><td><p><strong>Avalanche</strong> (Native)</p><p><strong>Ethereum</strong> (Bridged)</p><p><strong>Linea</strong> (Bridged)</p></td><td><a data-footnote-ref href="#user-content-fn-5">Senior Tranche</a></td></tr><tr><td><span data-option="HmB5OUTtG7tL">BTC-Backed</span></td><td>avBTCx (Avant BTC Max)</td><td><strong>Avalanche</strong> (Native)<br><strong>Ethereum</strong> (Bridged)<br><strong>Linea</strong> (Bridged)</td><td><a data-footnote-ref href="#user-content-fn-3">Junior Tranche</a></td></tr><tr><td><span data-option="zkIAvbZbhaos">ETH-Backed</span></td><td>avETH (Avant ETH)</td><td><strong>Ethereum</strong> (Native)<br><strong>Avalanche</strong> (Bridged)<br><strong>Linea</strong> (Bridged)</td><td><a data-footnote-ref href="#user-content-fn-6">Base asset</a></td></tr><tr><td><span data-option="zkIAvbZbhaos">ETH-Backed</span></td><td>savETH (Staked Avant ETH)</td><td><strong>Ethereum</strong> (Native)<br><strong>Avalanche</strong> (Bridged)<br><strong>Linea</strong> (Bridged)</td><td><a data-footnote-ref href="#user-content-fn-7">Senior Tranche</a></td></tr><tr><td><span data-option="zkIAvbZbhaos">ETH-Backed</span></td><td>avETHx (Avant ETH Max)</td><td><strong>Ethereum</strong> (Native)<br><strong>Avalanche</strong> (Bridged)<br><strong>Linea</strong> (Bridged)</td><td><a data-footnote-ref href="#user-content-fn-3">Junior Tranche</a></td></tr></tbody></table>

{% hint style="info" %}

## Senior Tranche and Junior Tranche

Learn more about Senior and Junior tranches on the [Capital Structure & Tranches](https://docs.avantprotocol.com/security/risk-management#capital-structure-and-tranches) section.
{% endhint %}

{% hint style="success" %}

## Looking for step-by-step guides?

We have [easy-to-follow guides](https://docs.avantprotocol.com/overview/using-avant-protocol) for performing key actions on the Avant Protocol, including how to mint, stake, boost, unstake, and redeem your tokens.
{% endhint %}

{% hint style="info" %}

## Core Actions for Bridged Assets

Core protocol actions like **staking** and **boosting** can be initiated from supported chains in the Avant application. If cross-chain movement is required, the application routes it in-flow and tracks progress in the interface. If you are already on the asset's native chain, actions execute directly.
{% endhint %}

## USD-Backed Tokens

### avUSD

`avUSD` is the primary stable token of the Avant Protocol, acting as the entry point for USD-denominated yield. It receives no yield.

* **What is it:** A stable token fully backed on a 1:1 basis by `USDC`.
* **How to get it:** Users can mint `avUSD` by depositing `USDC` on its native chain (Avalanche), or acquire `avUSD` through supported in-app buy/swap routes on supported chains where liquidity is available.
* **How to bridge it:** Bridging is handled in-app across supported networks via Chainlink CCIP and LayerZero, with route selection and transfer status tracking in the interface.
* **Purpose:** `avUSD` acts as a liquid receipt for your deposited `USDC`. It can be redeemed back for `USDC` or staked to earn yield.
* **Contract Addresses:**
  * **Avalanche:** [0x24de8771bc5ddb3362db529fc3358f2df3a0e346](https://snowtrace.io/token/0x24dE8771bC5DdB3362Db529Fc3358F2df3A0E346?chainid=43114)
  * **Ethereum (bridged):** [0xf4c13D631450De6B12a19829E37c8e2826891dC4](https://etherscan.io/token/0xf4c13D631450De6B12a19829E37c8e2826891dC4)
  * **Linea (bridged):** [0x37c44fc08e403Efc0946C0623CB1164A52CE1576](https://lineascan.build/token/0x37c44fc08e403Efc0946C0623CB1164A52CE1576)

### savUSD (Staked avUSD)

`savUSD` is the primary yield-bearing token for stablecoin depositors. It represents a senior, lower-risk position in the protocol's yield strategies.

* **How to get it:** Users can stake `avUSD` on its native chain (Avalanche), or acquire `savUSD` through supported in-app buy/swap routes on supported chains where liquidity is available.
* **How to bridge it:** Bridging is handled in-app across supported networks via Chainlink CCIP and LayerZero, with route selection and transfer status tracking in the interface.
* **How yield accrues:** `savUSD` accrues value as the protocol's strategies generate yield. The exchange rate of `savUSD` to `avUSD` continuously increases, meaning when you unstake, you receive more `avUSD` than you initially deposited.
* **Risk Profile:** The Senior Tranche, `savUSD` is protected by the `avUSDx` junior tranche. In the event of a loss from the strategies, the `avUSDx` pool would absorb it first, making `savUSD` a more secure, stable-yielding instrument.
* **Cooldown Period:** Converting `savUSD` back to `avUSD` takes **1 day,** and no yield is earned in this period.
* **Contract Addresses:**
  * **Avalanche:** [0x06d47F3fb376649c3A9Dafe069B3D6E35572219E](https://snowtrace.io/token/0x06d47F3fb376649c3A9Dafe069B3D6E35572219E?chainid=43114)
  * **Ethereum (bridged):** [0xb8D89678E75a973E74698c976716308abB8a46A4](https://etherscan.io/token/0xb8D89678E75a973E74698c976716308abB8a46A4)
  * **Linea (bridged):** [0x5C247948fD58Bb02B6c4678d9940F5e6B9af1127](https://lineascan.build/token/0x5C247948fD58Bb02B6c4678d9940F5e6B9af1127)
  * **Plasma (bridged):** [0xA29420057F3e3B9512D4786df135Da1674BD74D4](https://plasmascan.to/token/0xA29420057F3e3B9512D4786df135Da1674BD74D4)
  * **Arbitrum (bridged):** [0xA322e23a357cB7C596A7a834102B9d6d5b15da3e](https://arbiscan.io/token/0xA322e23a357cB7C596A7a834102B9d6d5b15da3e)
  * **Berachain (bridged):** [0xa744Fe3688291aC3A4a7eC917678783aD9946a1E](https://berascan.com/token/0xa744Fe3688291aC3A4a7eC917678783aD9946a1E)

### avUSDx (avUSD Max)

`avUSDx` is an advanced option for users who want to take on higher risk for amplified returns.&#x20;

* **How to get it:** Users can boost `avUSD` on its native chain (Avalanche). The output can be sent to supported destination chains in-app, with routing handled automatically.
* **How to bridge it:** Bridging is handled in-app across supported networks via Chainlink CCIP and LayerZero, with route selection and transfer status tracking in the interface.
* **How yield is boosted:** The yield for `avUSDx` is sourced from the following mechanisms:
  * **Baseline Yield**: The Junior Tranche receives the base yield associated with its underlying strategy exposure.
  * **Amplified Yield Share**: It receives an additional 10% share of the total yield generated by all capital committed to the main `avUSD` strategy in the protocol.
  * **Protocol Treasury Contributions**: On rare occasions, the protocol treasury may contribute additional yield.\
    \
    This structure provides the potential for a higher yield over time. The exchange rate of `avUSDx` against `avUSD` is determined by the [PriceStorage](https://snowtrace.io/address/0x7b4e8103bdDD5bcA79513Fda22892BEE53bA9777) contract.
* **Risk Profile:** The Junior Tranche, `avUSDx` provides protection to `savUSD` holders. While offering a higher share of the yield, `avUSDx` holders also take on a higher level of risk. In the event of protocol losses, `avUSDx` acts as an additional protection layer for the protocol, absorbing losses after the protocol's **Reserve Fund** has been utilized.
* **Cooldown Period**: Converting `avUSDx` back to `avUSD` requires a burn request, which initiates a **one-week cooldown** period. During the cooldown period, yield will no longer accrue and users will be exposed to any price downside, an event anticipated only under rare circumstances.
* **Contract Addresses:**
  * **Avalanche:** [0xDd1cDFA52E7D8474d434cd016fd346701db6B3B9](https://snowtrace.io/token/0xDd1cDFA52E7D8474d434cd016fd346701db6B3B9?chainid=43114)
  * **Ethereum (bridged):** [0xF424a63E4aC41b1faC5074Ccc24c7E5048fcA25D](https://etherscan.io/token/0xF424a63E4aC41b1faC5074Ccc24c7E5048fcA25D)
  * **Linea (bridged):** [0xC37d32b09B0bB0aa9B2A70372d7Bc1216CB7D903](https://lineascan.build/token/0xC37d32b09B0bB0aa9B2A70372d7Bc1216CB7D903)

## Bitcoin-Backed Tokens

### avBTC

`avBTC` is a Bitcoin-pegged token that tracks the price of Bitcoin, providing a liquid, tokenized version of BTC on the Avalanche network.

* **What is it:** A Bitcoin-pegged token fully backed 1:1 by a tokenized version of Bitcoin ([BTC.b](https://snowtrace.io/token/0x152b9d0FdC40C096757F570A51E494bd4b943E50)).
* **How to get it:** Users can mint `avBTC` by depositing [BTC.b](https://snowtrace.io/token/0x152b9d0FdC40C096757F570A51E494bd4b943E50) on its native chain (Avalanche), or acquire `avBTC` through supported in-app buy/swap routes on supported chains where liquidity is available.
* **How to bridge it:** Bridging is handled in-app across supported networks via Chainlink CCIP and LayerZero, with route selection and transfer status tracking in the interface.
* **Purpose:** Allows `BTC` holders to enter the Avant ecosystem and access yield opportunities by staking.
* **Contract Addresses:**
  * **Avalanche:** [0xfd2c2A98009d0cBed715882036e43d26C4289053](https://snowtrace.io/token/0xfd2c2A98009d0cBed715882036e43d26C4289053?chainid=43114)
  * **Ethereum (bridged):** [0x84d797c33708E5bDbfdB73481530DCf8c03eC17E](https://etherscan.io/token/0x84d797c33708E5bDbfdB73481530DCf8c03eC17E)
  * **Linea (bridged):** [0x2D4C0d9742cd0F11b3627f103A3dDd9C8AE341b6](https://lineascan.build/token/0x2D4C0d9742cd0F11b3627f103A3dDd9C8AE341b6)

{% hint style="info" %}

## What is BTC.b?

While many are familiar with `WBTC`, Avant Protocol uses `BTC.b`, which is a tokenized version of Bitcoin on the Avalanche C-Chain. You can learn more about the differences between `BTC.b` and `WBTC` [here](https://support.avax.network/en/articles/8699991-what-are-the-differences-between-btc-b-wbtc).
{% endhint %}

### savBTC (Staked avBTC)

`savBTC` is the yield-bearing counterpart to `avBTC`, allowing you to earn more Bitcoin over time.

* **How to get it:** Users can stake `avBTC` on its native chain (Avalanche), or acquire `savBTC` through supported in-app buy/swap routes on supported chains where liquidity is available.
* **How to bridge it:** Bridging is handled in-app across supported networks via Chainlink CCIP and LayerZero, with route selection and transfer status tracking in the interface.
* **How yield accrues:** Similar to `savUSD`, `savBTC` accrues value as the protocol generates yield from its Bitcoin strategies. The amount of `avBTC` you can redeem `savBTC` for grows over time. This means you earn yield in the form of more Bitcoin.
* **Cooldown Period:** Converting `savBTC` back to `avBTC` takes **1 day,** and no yield is earned in this period.
* **Contract Addresses:**
  * **Avalanche:** [0x649342c6bff544d82DF1B2bA3C93e0C22cDeBa84](https://snowtrace.io/token/0x649342c6bff544d82DF1B2bA3C93e0C22cDeBa84?chainid=43114)
  * **Ethereum (bridged):** [0x92181c6f0FED1f1A30c0Ec131f41577F81924bf5](https://etherscan.io/token/0x92181c6f0FED1f1A30c0Ec131f41577F81924bf5)
  * **Linea (bridged):** [0x45cF31aF4d67899674B50ab14093b55006fFf563](https://lineascan.build/token/0x45cF31aF4d67899674B50ab14093b55006fFf563)

### avBTCx (avBTC Max)

`avBTCx` is an advanced option for users who want to take on higher risk for amplified returns on their Bitcoin holdings.

* **How to get it:** Users can boost `avBTC` on its native chain (Avalanche). The output can be sent to supported destination chains in-app, with routing handled automatically.
* **How to bridge it:** Bridging is handled in-app across supported networks via Chainlink CCIP and LayerZero, with route selection and transfer status tracking in the interface.
* **How yield is boosted:** The yield for `avBTCx` is sourced from the following mechanisms:
  * **Baseline Yield**: The Junior Tranche receives the base yield associated with its underlying strategy exposure.
  * **Amplified Yield Share**: It receives an additional 10% share of the total yield generated by all capital committed to the main `avBTC` strategy in the protocol.
  * **Protocol Treasury Contributions**: On rare occasions, the protocol treasury may contribute additional yield.\
    \
    This structure provides the potential for a higher yield over time in BTC. The exchange rate of `avBTCx` against `avBTC` is determined by the [PriceStorage](https://snowtrace.io/address/0x40B418cF176731089B2537D027A14c78a86F2166) contract.
* **Risk Profile:** As the Junior Tranche for the Bitcoin-backed assets, `avBTCx` provides protection to `savBTC` holders. In the event of protocol losses, `avBTCx` acts as an additional protection layer, absorbing losses after the protocol's **Reserve Fund** has been utilized.
* **Cooldown Period:** Converting `avBTCx` back to `avBTC` requires a burn request, which initiates a **one-week cooldown** period. During the cooldown period, yield will no longer accrue and users will be exposed to any price downside, an event anticipated only under rare circumstances.
* **Contract Addresses:**
  * **Avalanche:** [0xa7C10C510df4B1702E1F36451dd29D7C3EDC760C](https://snowtrace.io/token/0xa7C10C510df4B1702E1F36451dd29D7C3EDC760C?chainid=43114)
  * **Ethereum (bridged):** [0x9Bc15d6dCB23EFbdCC235Bf54159B6E8bAd23dca](https://etherscan.io/token/0x9Bc15d6dCB23EFbdCC235Bf54159B6E8bAd23dca)
  * **Linea (bridged):** [0x788002EBa02a9301008f03bf59c4B233E2272EB7](https://lineascan.build/token/0x788002EBa02a9301008f03bf59c4B233E2272EB7)

## Ethereum-Backed Tokens

### avETH

`avETH` is an Ethereum-pegged token that tracks the price of Ethereum, providing a liquid, tokenized version of ETH on both the Ethereum Mainnet and the Avalanche network.

* **What is it:** An Ethereum-pegged token fully backed 1:1 by ETH
* **How to get it:** Users can mint `avETH` by depositing ETH/WETH on its native chain (Ethereum), or acquire `avETH` through supported in-app buy/swap routes on supported chains where liquidity is available.
* **How to bridge it:** Bridging is handled in-app across supported networks via Chainlink CCIP and LayerZero, with route selection and transfer status tracking in the interface.
* **Purpose:** Allows `ETH` holders to enter the Avant ecosystem and access yield opportunities by staking.
* **Contract Addresses:**
  * **Ethereum:** [0x9469470C9878bf3d6d0604831d9A3A366156f7EE](https://etherscan.io/address/0x9469470c9878bf3d6d0604831d9a3a366156f7ee)
  * **Avalanche (bridged):** [0x223767286be11d09ae778ff608687fe858d3a2b4](https://snowtrace.io/address/0x223767286be11d09ae778ff608687fe858d3a2b4)
  * **Linea (bridged):** [0x3449A9155Afc1Bab56A572FdfE22A3a2B803AaC4](https://lineascan.build/token/0x3449A9155Afc1Bab56A572FdfE22A3a2B803AaC4)

### savETH (Staked avETH)

`savETH` is the yield-bearing counterpart to `avETH`, allowing you to earn more Ethereum over time.

* **How to get it:** Users can stake `avETH` on its native chain (Ethereum), or acquire `savETH` through supported in-app buy/swap routes on supported chains where liquidity is available.
* **How to bridge it:** Bridging is handled in-app across supported networks via Chainlink CCIP and LayerZero, with route selection and transfer status tracking in the interface.
* **How yield accrues:** Similar to `savUSD`, `savETH` accrues value as the protocol generates yield from its Ethereum strategies. The amount of `avETH` you can redeem  `savETH` for grows over time. This means you earn yield in the form of more Ethereum.
* **Cooldown Period:** Converting `savETH` back to `avETH` takes **1 day,** and no yield is earned in this period.
* **Contract Addresses:**
  * **Ethereum:** [0xDA06eE2dACF9245Aa80072a4407deBDea0D7e341](https://etherscan.io/address/0xDA06eE2dACF9245Aa80072a4407deBDea0D7e341)
  * **Avalanche(bridged):** [0x260c0c715a279f239cf44e2f73e964ab550738f3](https://snowtrace.io/address/0x260c0c715A279F239cF44e2F73E964AB550738f3)
  * **Linea (bridged):** [0xA0Fbf835fd24bD1aAFD39a0D4b1779B5B8329770](https://lineascan.build/token/0xA0Fbf835fd24bD1aAFD39a0D4b1779B5B8329770)

### avETHx (avETH Max)

`avETHx` is an advanced option for users who want to take on higher risk for amplified returns on their Ethereum holdings.

* **How to get it:** Users can boost `avETH` on its native chain (Ethereum). The output can be sent to supported destination chains in-app, with routing handled automatically.
* **How to bridge it:** Bridging is handled in-app across supported networks via Chainlink CCIP and LayerZero, with route selection and transfer status tracking in the interface.
* **How yield is boosted:** The yield for `avETHx` is sourced from the following mechanisms:
  * **Baseline Yield**: The Junior Tranche receives the base yield associated with its underlying strategy exposure.
  * **Amplified Yield Share**: It receives an additional 10% share of the total yield generated by all capital committed to the main `avETH` strategy in the protocol.
  * **Protocol Treasury Contributions**: On rare occasions, the protocol treasury may contribute additional yield.\
    \
    This structure provides the potential for a higher yield over time in ETH. The exchange rate of `avETHx` against `avETH` is determined by the [PriceStorage](https://etherscan.io/address/0x985b5eF57dBE19B4EE1eD43b9AdEB1A61f2f6f23) contract.
* **Risk Profile:** The Junior Tranche for the Ethereum-backed assets, `avETHx` provides protection to `savETH` holders. In the event of protocol losses, `avETHx` acts as an additional protection layer, absorbing losses after the protocol's **Reserve Fund** has been utilized.
* **Cooldown Period:** Converting `avETHx` back to `avETH` requires a burn request, which initiates a **one-week cooldown** period. During the cooldown period, yield will no longer accrue and users will be exposed to any price downside, an event anticipated only under rare circumstances.
* **Contract Addresses:**
  * **Ethereum:** [0x2E8b7190eE84E7AC757Ddff42Ba14d4EAe24B865](https://etherscan.io/address/0x2e8b7190ee84e7ac757ddff42ba14d4eae24b865)
  * **Avalanche (bridged):** [0xda63630094aa23b7a49368b713d68dd98f547f98](https://snowtrace.io/address/0xDA63630094Aa23B7a49368b713d68dD98F547f98)
  * **Linea (bridged):** [0x01C9ABFebCDcb53E72bF017Fc1D17F9DB38F722a](https://lineascan.build/token/0x01C9ABFebCDcb53E72bF017Fc1D17F9DB38F722a)

## Governance Token

### AVANT

Avant will be the governance token of Avant.&#x20;

[^1]: Backed by USDC; does not earn yield. Shares Senior Tranche protection with `savUSD`.

[^2]: Earns a stable, base yield.

[^3]: Earns a boosted yield by providing a protective layer for the Senior Tranche.

[^4]: Backed by BTC; does not earn yield. Shares Senior Tranche protection with `savBTC`.

[^5]: Earns a base yield in BTC.

[^6]: Backed by ETH; does not earn yield. Shares Senior Tranche protection with `savETH`.

[^7]: Earns a base yield in ETH.