Avant, the corporate behind DeFi-backed stable-value token avUSD, raised $6.5M in Seed funding.
Backers included SuperLayer and Avalaunch, together with a coalition of over 40 particular person buyers.
The corporate intends to increase its suite of inclusive DeFi instruments.
Based by Rhett Shipp, Avant has developed an revolutionary DeFi-powered stable-value token system on Avalanche, that includes two distinctive belongings: avUSD and savUSD.
- avUSD serves as a stable-value token, providing a dependable retailer of worth superb for transactions, lending, and borrowing.
- savUSD is the staked variant that accrues yield by means of Avant’s managed delta-neutral methods, with the intention of providing constant returns and a decrease threat profile than many merchandise within the DeFi house.
By way of it, customers can purchase avUSD (which will be staked manually) and savUSD (the pre-staked variant of avUSD) to achieve entry to superior methods with out the necessity for guide oversight or specialised assets. Avant collaborates with skilled delta-neutral merchants, together with famend corporations like 0xPartners, leveraging their expertise and monitor file in delivering steady, risk-adjusted returns.
Customers additionally profit from institutional-grade safety, with top-tier custody options and steady real-time contract monitoring. The corporate’s diversification technique is designed to make sure no venture or protocol receives an outsized allocation of funds as a way to mitigate the dangers related to single-point failures.
FinSMEs
28/11/2024
