Avant, a company behind DeFi-backed stable-value token avUSD, announced a $6.5 million funding round that will enable the platform to expand its suite of inclusive DeFi tools. avUSD is designed to extend seamless access to delta-neutral trading strategies, allowing users to utilize the same advanced techniques employed by hedge funds and specialized trading firms. Designed with a core focus on decentralization, accessibility, and security, the avUSD token offers a wide range of users access to the benefits of DeFi.
Since its founding in June, Avant has created an innovative DeFi-powered stable-value token system on Avalanche, featuring two unique assets: avUSD and savUSD. And avUSD serves as a stable-value token, offering a reliable store of value ideal for transactions, lending, and borrowing. savUSD is the staked variant that accrues yield through Avant’s managed delta-neutral strategies, to offer consistent returns and a lower risk profile than many products in the DeFi space.
This dual-token model enables users to optimize capital efficiency while also enabling ease of use for payments, lending and borrowing, and other financial applications across the DeFi ecosystem.
Delta-neutral trading balances long and short positions for minimizing market exposure and seek returns in both bull and bear markets. And these positions encompass a broad range of investment strategies, some straightforward and some highly complex. This diversified approach has gained significant popularity over the past year in DeFi, where market volatility is generally higher than in traditional finance (TradFi). However, it requires specialized expertise and constant oversight to execute successfully, making it impractical even for many savvy traders.
With Avant, users can buy avUSD (which can be staked manually) and savUSD (the pre-staked variant of avUSD) to gain access to advanced strategies without the need for manual oversight or specialized resources. And Avant collaborates with expert delta-neutral traders, including renowned firms like 0xPartners, leveraging their years of experience and track record of success in delivering stable, risk-adjusted returns.
Users also benefit from institutional-grade security, with top-tier custody solutions and continuous real-time contract monitoring. And Avant’s diversification strategy is designed to ensure no project or protocol receives an outsized allocation of funds in order to mitigate the risks associated with single-point failures.
Avant’s seed round drew investment from SuperLayer and Avalaunch, along with an enthusiastic coalition of over 40 individual investors.
KEY QUOTES:
“We noticed a huge demand for a stable-value token that is uncompromising on DeFi ideals. avUSD is designed to hold a steady value without relying on traditional banking infrastructure or opaque reserves. Funds backing the token are deposited in well-audited, decentralized, protocols, and operations and yields are easily verifiable on-chain.”
“This new round of funding will allow us to expand our offerings and bring delta-neutral strategies to a wider audience. We will continue making sophisticated trading opportunities available to everyday investors amid this DeFi renaissance, enabling a more inclusive financial ecosystem..”
– Avant Founder Rhett Shipp
