Avant avUSD

Avant is a DeFi platform on Avalanche issuing avUSD, a yield-bearing synthetic dollar backed by delta-neutral basis-trade strategies. The model echoes Ethena’s USDe with execution adapted to Avalanche’s market structure, and avUSD’s staked variant captures the yield from the funding-rate leg.

The project launched in mid-2024 and slots into the growing cohort of basis-trade-backed stablecoins that have emerged across L1s and L2s.