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.

Backed Asset
Token
Available On
Key Feature / Role
USD-Backed

avUSD (Avant USD)

Avalanche (Native) Ethereum (Bridged) Linea (Bridged)

Base asset

USD-Backed

savUSD (Staked Avant USD)

Avalanche (Native)

Ethereum (Bridged)

Linea (Bridged) Plasma (Bridged)

Senior Tranche

USD-Backed

avUSDx (Avant USD Max)

Avalanche (Native) Ethereum (Bridged) Linea (Bridged)

Junior Tranche

BTC-Backed

avBTC (Avant BTC)

Avalanche (Native) Ethereum (Bridged) Linea (Bridged)

Base asset

BTC-Backed

savBTC (Staked Avant BTC)

Avalanche (Native)

Ethereum (Bridged)

Linea (Bridged)

Senior Tranche

BTC-Backed

avBTCx (Avant BTC Max)

Avalanche (Native) Ethereum (Bridged) Linea (Bridged)

Junior Tranche

ETH-Backed

avETH (Avant ETH)

Ethereum (Native) Avalanche (Bridged) Linea (Bridged)

Base asset

ETH-Backed

savETH (Staked Avant ETH)

Ethereum (Native) Avalanche (Bridged) Linea (Bridged)

Senior Tranche

ETH-Backed

avETHx (Avant ETH Max)

Ethereum (Native) Avalanche (Bridged) Linea (Bridged)

Junior Tranche

Senior Tranche and Junior Tranche

Learn more about Senior and Junior tranches on the Capital Structure & Tranches section.

Looking for step-by-step guides?

We have easy-to-follow guides for performing key actions on the Avant Protocol, including how to mint, stake, boost, unstake, and redeem your tokens.

Core Actions for Bridged Assets

Core protocol actions like staking, boosting, and redeeming must be performed on the asset's native chain. If you have bridged your assets to a secondary chain, you must bridge them back to their native network to manage them in the Avant application.

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.

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: By staking avUSD.

  • How to bridge it: savUSD is bridgeable across supported networks using Chainlink CCIP.

  • 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:

avUSDx (avUSD Max)

avUSDx is an advanced option for users who want to take on higher risk for amplified returns.

  • How to get it: By boosting an avUSD token in the avUSDx vault.

  • How to bridge it: avUSDx is bridgeable across supported networks using Chainlink CCIP.

  • How yield is boosted: The boosted yield for avUSDx is generated from two combined sources: 1. Amplified Yield Share: It receives a 10% share of the total yield generated by all capital committed to the main avUSD strategy in the protocol. 2. Active Strategy Yield: The underlying capital is also actively deployed into separate DeFi strategies (such as looping or liquidity provisioning) to generate its own additional returns.

    This structure provides the potential for a higher, compounded yield. The exchange rate of avUSDx against avUSD is determined by the PriceStorage 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 needs a burn request, which initiates a one-week cooldown period.

  • Contract Addresses:

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 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.

savBTC (Staked avBTC)

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

  • How to get it: By staking avBTC.

  • How to bridge it: savBTC is bridgeable across supported networks using Chainlink CCIP.

  • 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:

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: By boosting an avBTC token in the avBTCx vault.

  • How to bridge it: avBTCx is bridgeable across supported networks using Chainlink CCIP.

  • How yield is boosted: The boosted yield for avBTCx is generated from two combined sources: 1. Amplified Yield Share: It receives a 10% share of the total yield generated by all capital committed to the main avBTC strategy in the protocol. 2. Active Strategy Yield: The underlying capital is actively deployed into separate DeFi strategies to generate its own additional returns. This structure provides the potential for a higher, compounded yield in BTC. The exchange rate of avBTCx against avBTC is determined by the PriceStorage 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.

  • Contract Addresses:

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.

savETH (Staked avETH)

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

  • How to get it: By staking avETH.

  • How to bridge it: savETH is bridgeable across supported networks using Chainlink CCIP.

  • 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:

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: By boosting an avETH token in the avETHx vault.

  • How to bridge it: avETHx is bridgeable across supported networks using Chainlink CCIP.

  • How yield is boosted: The boosted yield for avETHx is generated from two combined sources: 1. Amplified Yield Share: It receives a 10% share of the total yield generated by all capital committed to the main avETH strategy in the protocol. 2. Active Strategy Yield: The underlying capital is actively deployed into separate DeFi strategies to generate its own additional returns. This structure provides the potential for a higher, compounded yield in ETH. The exchange rate of avETHx against avETH is determined by the PriceManager 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.

  • Contract Addresses:

Governance Token

AVANT

Avant will be the governance token of Avant.

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