Core Tokens

The Avant Protocol ecosystem is powered by a suite of tokens, each with a distinct purpose. These tokens can be categorized into two families:

• USD-backed

• Bitcoin-backed.

This structure allows you to choose the underlying asset you wish to earn yield on.

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: As 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-yield 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

Senior Tranche and Junior Tranche

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

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: it receives a larger portion of the protocol's main strategy yield, while its underlying capital is also actively deployed into separate DeFi strategies (such as looping or liquidity provisioning) to generate additional returns. This structure provides the potential for higher, compounded yield as compensation for avUSDx functioning as the protocol's first-loss capital layer. The exchange rate of avUSDx against avUSD is determined by the PriceStorage contract.

• Risk Profile: As 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 to track 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 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 your savBTC for grows over time. This means you earn yield in the form of more Bitcoin.

• Cooldown Period: Converting savBTC back to avBTC needs a burn request, which requires a one-week cooldown period.

• Contract Address (Avalanche C-Chain): 0x649342c6bff544d82DF1B2bA3C93e0C22cDeBa84

Governance Token

AVANT

Avant will be the governance token of Avant.