Avant

Avant is a DeFi platform built on the Avalanche network, focused on providing security and stability to its users including individual investors, DAOs, and institutional treasuries. ^[1]^[2]

Overview

The core offering for Avant is avUSD, a stable value token designed to deliver yields through advanced on-chain managed strategies. ^[3]

Core Tokens

avUSD

Launched in July 2024 alongside savUSD^[5], avUSD is Avant’s flagship stable value token, minted when users deposit USDC or USDT. It represents a receipt for deposits, with the underlying funds managed by trusted partners to generate high returns in advanced, market-neutral DeFi, on-chain strategies. ^[6]

The returns come from a series of Avalanche-focused market-neutral strategies designed to ensure stability, scalability, and growth. Avant partnered with leading financial entities like 0xPartners, to effectively manage these strategies. ^[7]

"Avant utilizes a delta-neutral strategy, focusing on arbitrage and hedging to minimize risks associated with volatile markets, ensuring consistent returns." - the team explains^[5]

Through its staked version, savUSD, avUSD provides an avenue for earning returns, which makes it ideal for use as productive collateral. ^[8]

savUSD (Staked avUSD)

savUSD is the Staked version of avUSD, functioning as a yield-bearing asset. The yield is generated using the USDC and USDT that users deposit with market-neutral on-chain strategies. ^[6]

savUSD provides users with the opportunity to earn returns on their staked avUSD through well-managed investment strategies. It also provides users the flexibility to get their avUSD back with a 1-week delay of unstaking in place for security purposes. ^[6]

$6.5 Million Seed Funding

In November 2024, Avant secured $6.5 million in seed funding, establishing a post-money valuation of $25 million. The round attracted investments from Superlayer, Avalaunch, GoGoPool, Daybreak Digital, and angel investor Linda Kreitzman. Founder Rhett Shipp emphasized leveraging the team's established network over targeting prominent venture capital firms, aiming for speed and investment diversity. ^[9]