Contract | Verify address w/ multiple resources & DYOR |
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Blockchain | |
Website | https://www.avai.finance/ |
Community |
Today's Orca AVAI price is $0.96249, which is down <1% over the last 24 hours. Orca AVAI's market cap is unknown. 24 hour AVAI volume is $232.56. It has a market cap rank of 9422. Orca AVAI is traded on exchanges. Orca AVAI had an all-time high of $3.0638 9 months ago. Over the last day, Orca AVAI has had 0% transparent volume and has been trading on 9 active markets with its highest volume trading pairs being .
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Orca AVAI Price (24hr) | $0.96249 (-0.40%) |
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Market Cap | |
Trading Volume (24hr) | $233 (-33.49%) |
Transparent Vol. (24hr) | Unknown |
Transparency Grade | Unknown |
Circulating Supply | Unknown |
All-Time High | $3.0638-68.59% 9/29/2021 (9 months ago) |
7D Price Prediction | N/A |
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 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.
Each ERC20 token will have a dedicated Bank. When a Bank is made, a user can then create a personal Vault(s) within that bank. A Vault is a smart contract that stores a user's collateral for that Bank type.
AVAI is only burnt when collateral no longer backs it. This is done when a use re-pays a loan, or a user redeems AVAI for USD using the Exchange mechanism. AVAI is always backed by collateral, either through Vaults or through the Exchange.
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