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Orca AVAI news
About Orca AVAI
AVAI is an asset that is pegged to the US Dollar; in other words, a coin intended to float as close to $1.00 USD as possible. It will be backed by locking tokens as collateral in a personal Vault in a Orca Bank as well as via other mechanisms described in the technical overview.
The entire process is decentralized and does not use a middleman such as a financial institution, meaning simply that the user is in full control of their funds at all times.
An Orca Bank is the contract that allows a user to deposit a specific ERC20 as collateral, granting AVAI in return. Using the USDC token as an example, if a user deposits $150 USD worth of collateral funds into a Vault, they will have the ability to borrow up to 100 AVAI, worth $100 USD. This grants them the opportunity to invest a total of $250 USD, while owing a stable $100 USD.
The live Orca AVAI price today is $0.775664 USD with a 24-hour trading volume of not available. We update our AVAI to USD price in real-time. Orca AVAI has no change in the last 24 hours. The current CoinMarketCap ranking is #9074, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
If you would like to know where to buy Orca AVAI at the current rate, the top cryptocurrency exchange for trading in Orca AVAI stock is currently Pangolin. You can find others listed on our crypto exchanges page.