Defi platform Avant has launched two stablecoin tokens, AVUSD and SAVUSD, on the Avalanche blockchain. These tokens have generated double-digit yields during a five-month whitelisting period. They are part of a growing trend of defi-native stablecoins that use crypto assets as collateral and employ sophisticated delta hedging strategies to generate attractive yields. AVUSD acts as a stable store of value, while SAVUSD is the staked version that generates yield through delta hedging. Avant aims to replicate the success of Ethena's stablecoin USDE, which is now the third largest stablecoin by market capitalization. Avant's tokens are fully backed and funds are held in strategies across different blockchains to maximize on-chain yield. The current annual compounded yield for AVUSD is 24.04%. Avant emphasizes risk management and safety measures, including diversification, insurance funds, due diligence, and oversight by third-party entities.



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