Avant's savUSD yielded over 23% APR during the past week!
We're excited to open up access to our yield-bearing stable-value token to everyone in the near future.
Tether generated $5.2bn of profit in the first half of 2024, none of which went to USDT holders.
At Avant, yield generated by collateral will be distributed to holders of our stable-value token.
Stay tuned for our launch & join our Discord: https://t.co/WRavNZmmDG
At Avant, we have embraced a two-token model with $avUSD and $savUSD (staked avUSD).
What exactly does this mean and how does this approach unlock new opportunities for users? Time for a thread 🧵
Avant's early access program has reached $2 million TVL, yielding 16% APR since its inception in recent weeks.
This has been achieved despite a historically low yield environment for delta-neutral strategies.
We look forward to expanding access to Avant in the near future!
At Avant, we believe that financial opportunity should be available to all, not just a privileged few.
That’s why we are democratizing access to high yield, delta-neutral strategies via $avUSD.
Join us on our journey as we near launch: https://t.co/RSB1nc2klp
Our stable-value token will be powered by delta-neutral strategies such as the cash & carry trade.
But what on earth is the cash & carry trade? Let's break it down 🧵 👇
Avant is the result of a groundbreaking collaboration between best-in-class asset managers and expert on-chain DeFi builders, all backed by leading security specialists.
The result of this alliance will be avUSD: the first stable-value token powered entirely by yield from fully on-chain delta-neutral strategies.
Join us as we reshape DeFi. Our community is one click away: https://t.co/G3H9yj804b