Crypto Rank | Name | Current Price | 24h Price Change | Total Supply | Circulating Supply | |
---|---|---|---|---|---|---|
AVAI
Orca AVAI
AVAI
| $ 0.79 | -0.27% | 2 196 316 | 0 | Start Trading |
AVAI is an asset that is pegged to the US Dollar; in other words, a coin intended to float as close to $1.00 USD as possible. It will be backed by locking tokens as collateral in a personal Vault in a Orca Bank as well as via other mechanisms described in the technical overview. The entire process is decentralized and does not use a middleman such as a financial institution, meaning simply that the user is in full control of their funds at all times. An Orca Bank is the contract that allows a user to deposit a specific ERC20 as collateral, granting AVAI in return. Using the USDC token as an example, if a user deposits $150 USD worth of collateral funds into a Vault, they will have the ability to borrow up to 100 AVAI, worth $100 USD. This grants them the opportunity to invest a total of $250 USD, while owing a stable $100 USD.
Crypto Rank | Pair | Name | 24h Trading Volume | |
---|---|---|---|---|
1 | AAVE-USDC / 0X346A59146B9B4A77100D369A3D18E8007A9F46A6 | Pangolin | $ 21.08 | Start Trading |