> For the complete documentation index, see [llms.txt](https://docs.avantprotocol.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.avantprotocol.com/overview/core-tokens.md).

# 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.

For current deployment addresses, see [Contract Addresses](/security/contract-addresses.md).

<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><p><strong>Avalanche</strong> (Native)</p><p><strong>Base</strong> (Bridged)<br><strong>Berachain</strong> (Bridged)<br><strong>Ethereum</strong> (Bridged)<br><strong>Linea</strong> (Bridged)<br><strong>Monad</strong> (Bridged)</p></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>Arbitrum</strong> (Bridged)<br><strong>Base</strong> (Bridged)<br><strong>Berachain</strong> (Bridged)<br><strong>BNB Chain</strong> (Bridged)<br><strong>Ethereum</strong> (Bridged)<br><strong>Katana</strong> (Bridged)<br><strong>Linea</strong> (Bridged)<br><strong>MegaETH</strong> (Bridged)<br><strong>Monad</strong> (Bridged)<br><strong>Movement</strong> (Bridged)<br><strong>Plasma</strong> (Bridged)<br><strong>SEI</strong> (Bridged)<br><strong>Stellar</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)<br><strong>BNB Chain</strong> (Bridged)</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>Arbitrum</strong> (Bridged)<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><tr><td><span data-option="HmB5OUTtG7tL">BTC-Backed</span></td><td>avkBTC (Avant kBTC)</td><td><strong>INK</strong> (Native)</td><td><a data-footnote-ref href="#user-content-fn-8">Base asset</a></td></tr><tr><td><span data-option="HmB5OUTtG7tL">BTC-Backed</span></td><td>savkBTC (Staked Avant kBTC)</td><td><strong>INK</strong> (Native)</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>avkBTCx (Avant kBTC Max)</td><td><strong>INK</strong> (Native)</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](/security/risk-management.md#capital-structure-and-tranches) section.
{% endhint %}

{% hint style="success" %}

## Looking for step-by-step guides?

We have [easy-to-follow guides](/overview/using-avant-protocol.md) for performing key actions on the Avant Protocol, including how to mint, stake, boost, unstake, and redeem your tokens. Start from the relevant product page: [avUSD](https://app.avantprotocol.com/products/avusd), [avBTC](https://app.avantprotocol.com/products/avbtc), or [avETH](https://app.avantprotocol.com/products/aveth).
{% 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.

### 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.

### 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 protocol's `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` 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.

## 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.

{% 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.

### 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 protocol's `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. 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.

### avkBTC

`avkBTC` is an Ink-native, Bitcoin-denominated yield product built around `kBTC`, providing a yield-bearing version of Bitcoin backed by Kraken-custodied BTC.

* **What is it:** A Bitcoin-denominated yield product backed by `kBTC`, with `kBTC` used as collateral in an isolated kBTC/USDC market.
* **How to get it:** Users can mint `avkBTC` by depositing [kBTC](https://explorer.inkonchain.com/token/0x73E0C0d45E048D25Fc26Fa3159b0aA04BfA4Db98) on its native chain (INK), or acquire `avkBTC` through supported in-app buy/swap routes on supported chains where liquidity is available.
* **How to bridge it:** Bridging is not currently supported.
* **Purpose:** Allows `kBTC` holders to access Bitcoin-denominated yield through Avant's yield strategies while retaining `kBTC` as the underlying collateral.

### savkBTC (Staked avkBTC)

`savkBTC` is the Senior Tranche counterpart to `avkBTC`, allowing users to earn yield on their `avkBTC` with a more conservative risk profile.

* **How to get it:** Users can stake `avkBTC` on its native chain (INK), or acquire `savkBTC` through supported in-app buy/swap routes on supported chains where liquidity is available.
* **How to bridge it:** Bridging is not currently supported.
* **How yield accrues:** Similar to `savBTC`, `savkBTC` accrues value as the protocol generates yield from its Bitcoin strategies. The amount of `avkBTC` you can redeem `savkBTC` for grows over time. This means you earn yield in the form of more Bitcoin.
* **Cooldown Period:** Converting `savkBTC` back to `avkBTC` takes **1 day,** and no yield is earned in this period.

### avkBTCx (avkBTC Max)

`avkBTCx` is the Junior Tranche counterpart to `avkBTC`, designed for users who want to take on higher risk for the potential of amplified returns on their Bitcoin holdings.

* **How to get it:** Users can boost `avkBTC` on its native chain (INK).
* **How to bridge it:** Bridging is not currently supported.
* **How yield is boosted:** The yield for `avkBTCx` 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 `avkBTC` 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 `avkBTCx` against `avkBTC` is determined by the protocol's `PriceStorage` contract.
* **Risk Profile:** As the Junior Tranche for the avkBTC family, `avkBTCx` provides protection to `savkBTC` holders. In the event of protocol losses, `avkBTCx` acts as an additional protection layer, absorbing losses after the protocol's **Reserve Fund** has been utilized.
* **Cooldown Period:** Converting `avkBTCx` back to `avkBTC` 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.

## 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.

### 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.

### 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 protocol's `PriceStorage` 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.

## 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.b`; 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.

[^8]: Backed by `kBTC`; does not earn yield. Shares Senior Tranche protection with `savkBTC`.