Cryptocurrency Orca AVAI (AVAI)

The price for Orca AVAI (AVAI) cryptocurrency is currently 0.99 $ (15 min delay), daily range of currency change is 0.98 - 1.00 .
Last 24 hours news: trading volume - 26.00 $, price variance +0.2% .
The highest trading volume belongs to the pair 0XA7D7079B0FEAD91F3E65F86E8915CB59C1A4C664/0X346A59146B9B4A77100D369A3D18E8007A9F46A6 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	5.20 $
Minimum exchange rate (24h)	0.78 $
Maximum exchange rate (24h)	0.81 $
Absolute maximum	1.21 $
Absolute minimum	0.26 $

Orca AVAI Quotes

#	Exchange	Pair	Price	Spread	Volume	Last traded
1	Pangolin	0XA7D7079B0FEAD91F3E65F86E8915CB59C1A4C664/0X346A59146B9B4A77100D369A3D18E8007A9F46A6	0.80 $ 0.798184$	0.63%	5.21 $	2024-04-22 06:25:47

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.