Minting avAssets
Minting is the process of depositing an underlying asset (like USDC or BTC.b) into the protocol to create an equivalent amount of an avAsset (e.g., avUSD). These tokens do not earn yield on their own, but can be staked or boosted to begin generating a return. They are also highly composable for participation in various DeFi protocols.
Step-by-Step Guide
Select Your Asset and Path: Choose your asset (e.g.,
avUSD) and click Get. Based on your connected chain, the interface shows either Mint (native-chain direct path) or Buy (routed swap path, where liquidity is available).
You can switch paths using the action hints in the screen (for example,
Mint on AvalancheorBuy on Ethereum) to either mint directly on the native chain or buy through in-app swap liquidity.
Choose Your Path
Use the flow that fits your connected chain and available liquidity:
Mint path (native chain): Deposit the required underlying collateral directly.
Buy path (supported chains): Swap from supported tokens through available in-app liquidity.
Earn toggle (eligible products): Enable options such as
Earn ~7.5% APY with savUSDto receive the staked output token directly.
Choose Input, Output, and Amount: Select your input token, amount, output token, and destination chain from supported options.
Review Quote and Route: Check the expected output and fees. If routed steps are included, click the route details to view swap/bridge/mint stages.
Approve the Input Token: Grant permission for the selected input token amount and confirm in your wallet.
Limited Approval
For security, this approval is only for the amount you are depositing now. It does not grant infinite approval, and you will need to approve a new amount for each subsequent deposit.
Confirm the Action: Once approval is confirmed, click Mint or Buy (based on the selected path) and confirm the transaction in your wallet.

After the transaction is complete, the selected output token appears on your dashboard and in your wallet on the selected destination chain.
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