About Orca AVAI AVAI

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 <a href="https://docs.avai.finance/protocol/technical-overview">technical overview</a>. 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.

Orca AVAI (AVAI) Price Data

Orca AVAI (AVAI) price has decreased today.

Orca AVAI price today is $0 with a 24-hours trading volume up by 0.00%. AVAI price is down in the last 24 hours. It has a circulating supply is 17,811 AVAI coins and a total supply of 17,811.