Minting avUSD
Purpose: Convert USDC or USDT into avUSD to utilize within the Avant ecosystem. avUSD does not earn yield, but is highly composable with participation in various DeFi activities.
Steps:
Access the Mint Section: Navigate to the 'Mint' tab on the Avant interface.
Enter Amount: Input the amount of USDC you wish to convert. You can use the 'Max' button to select all available USDC in your wallet.
Confirm Details: Ensure that the conversion rate matches the expected rate minus the minting fee.
Execute Minting: Click on the 'Mint' button. Confirm the transaction in your wallet. Once confirmed, avUSD will be credited to your Avant balance and USDC will be sent to the contract managing the market-neutral strategies of Avant’s partners.
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