Orca AVAI

Orca AVAI
1 AVAI =
 $ 0.99
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Market Capitalization:
0.00 $
Circulating supply:
0.00 AVAI
Maximum:
2.20M AVAI
Volume (24h):
16.00 $
Daily range:
0.97 - 0.99
Changes (7d):
+0.56%

Cryptocurrency Orca AVAI (AVAI)

The price for Orca AVAI (AVAI) cryptocurrency is currently 0.99 $ (15 min delay), daily range of currency change is 0.97 - 0.99 .
Last 24 hours news: trading volume - 16.00 $, price variance +0.47% .
The highest trading volume belongs to the pair 0X346A59146B9B4A77100D369A3D18E8007A9F46A6/0XB31F66AA3C1E785363F0875A1B74E27B85FD66C7 at the Pangolin exchange

Project Website - https://www.avai.finance/
Explorer of transactions - https://snowtrace.io/token/0x346A59146b9b4a77100D369a3d18E8007A9F46a6
Twitter Account - https://twitter.com/

Chart Orca AVAI (AVAI)

Current price Orca AVAI (avai) 0.99 $
Market Capitalization 0.00 $
Trading Volume last 24h 16.41 $
Minimum exchange rate (24h) 0.97 $
Maximum exchange rate (24h) 0.99 $
Absolute maximum 1.21 $
Absolute minimum 0.26 $

Orca AVAI Quotes

#
Exchange
Pair
Price
Spread
Volume
Last traded
1
0.98 $
0.982816$
0.7% 9.03 $ 2022-12-06 19:22:56

What is 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 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.

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