Orca AVAI
Price
(avai)Note: This platform does not support trading services in this currency
$0.636963 -1.0%
Overview
avai Price Live Data
avai Price Information
24h Low/High
24h Low $0.636584
24h High $0.64394
All Time High
US$1.21
All Time Low
US$0.2591
High Price 7D
US$0.661468
Low Price 7D
US$0.629173
avai Market Information
Market Cap Ranking
Fully Diluted Valuation
US$1400602
Total Supply
2,196,315.85
Maximum Supply
∞
Market Cap Advantages
0%
Circulation Supply/Total Market Cap
0.000
About 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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