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
Full Name
Key Feature / Role
USD-Backed

avUSD

Avant USD

Stable-value base asset; does not earn yield.

USD-Backed

savUSD

Staked Avant USD

Senior Tranche: Earns a stable, base yield.

USD-Backed

avUSDx

Avant USD Max

Junior Tranche: Earns a boosted yield by providing a protective layer for the Senior Tranche.

BTC-Backed

avBTC

Avant BTC

Base asset tracking BTC value; does not earn yield.

BTC-Backed

savBTC

Staked Avant BTC

Senior Tranche: Earns a base yield in BTC.

BTC-Backed

avBTCx

Avant BTC Max

Junior Tranche: Earns a boosted yield by providing a protective layer for the Senior Tranche.

ETH-Backed

avETH

Avant ETH

Base asset tracking ETH value; does not earn yield.

ETH-Backed

savETH

Staked Avant ETH

Senior Tranche: Earns a base yield in ETH.

ETH-Backed

avETHx

Avant ETH Max

Junior Tranche: Earns a boosted yield by providing a protective layer for the Senior 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.

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 mint avUSD by depositing USDC into the Avant Protocol.

  • Purpose: avUSD acts as a liquid receipt for your deposited USDC. It can be redeemed back for USDC or staked to earn yield.

  • Contract Address (Avalanche C-Chain): 0x24de8771bc5ddb3362db529fc3358f2df3a0e346

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 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 Address (Avalanche C-Chain): 0x06d47F3fb376649c3A9Dafe069B3D6E35572219E

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 staking savUSD in the avUSDx vault.

  • How yield is boosted: The boosted yield for avUSDx is generated from two combined sources: 1. A Share of savUSD Yield: It receives a 10% cut of the total yield generated by all savUSD 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 requires a one-week cooldown period.

  • Contract Address (Avalanche C-Chain): 0xDd1cDFA52E7D8474d434cd016fd346701db6B3B9

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).

  • How to get it: Users mint avBTC by depositing BTC.b token.

  • Purpose: Allows BTC holders to enter the Avant ecosystem and access yield opportunities by staking.

  • Contract Address (Avalanche C-Chain): 0xfd2c2A98009d0cBed715882036e43d26C4289053

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 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 Address (Avalanche C-Chain): 0x649342c6bff544d82DF1B2bA3C93e0C22cDeBa84

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 yield is boosted: The boosted yield for avBTCx is generated from two combined sources: 1. A Share of savBTC Yield: It receives a 10% cut of the total yield generated by all savBTC 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 has a one-week cooldown period.

  • Contract Address (Avalanche C-Chain): 0xa7C10C510df4B1702E1F36451dd29D7C3EDC760C

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 mint avETH by depositing ETH on Ethereum Mainnet.

  • How to Bridge it: avETH is bridgeable between Ethereum Mainnet and the Avalanche C-Chain using ChainLink CCIP.

  • Purpose: Allows ETH holders to enter the Avant ecosystem and access yield opportunities by staking.

  • Contract Address (Avalanche C-Chain): 0x223767286be11d09ae778ff608687fe858d3a2b4

  • Contract Address (Ethereum Mainnet): 0x9469470C9878bf3d6d0604831d9A3A366156f7EE

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 between Ethereum Mainnet and the Avalanche C-Chain 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 Address (Avalanche C-Chain): 0x260c0c715a279f239cf44e2f73e964ab550738f3

  • Contract Address (Ethereum Mainnet): 0xDA06eE2dACF9245Aa80072a4407deBDea0D7e341

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 between Ethereum Mainnet and the Avalanche C-Chain using ChainLink CCIP.

  • How yield is boosted: The boosted yield for avETHx is generated from two combined sources: 1. A Share of savETH Yield: It receives a 10% cut of the total yield generated by all savETH 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 has a one-week cooldown period.

  • Contract Address (Ethereum Mainnet): 0x2E8b7190eE84E7AC757Ddff42Ba14d4EAe24B865

  • Contract Address (Avalanche C-Chain): 0xda63630094aa23b7a49368b713d68dd98f547f98

Governance Token

AVANT

Avant will be the governance token of Avant.

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