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.
Where is Orca AVAI available for purchase?
You can exchange AVAI tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Orca AVAI is Pangolin, notably the AVAI/AVAI pair, which saw a trading volume of $ 8.81 in the past day.
What is the highest value Orca AVAI (AVAI) has ever reached?
Orca AVAI (AVAI) reached its peak price at 1.21 $ on 31 October 2022, approximately 3 years ago ago. Presently, the current price is -55.4% lower than this all-time high.
What is the historical minimum price for Orca AVAI (AVAI)?
The minimum price reached for Orca AVAI (AVAI) was 0.2591 $, documented on 24 May 2022, more than 3 years ago. In comparison, the current price is 108.27%, it above this historical low.
What is the fully diluted valuation of Orca AVAI (AVAI)?
The fully diluted valuation (FDV) of Orca AVAI (AVAI) stands at $ 1,16 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of AVAI tokens. The realization of this FDV might take several years depending on the emission schedule of AVAI tokens.