What Is Avault, And How It Works?
Avault means Astar Vault. All Astar users can deposit their assets on the platform safely and earn a high return. Avault is a yield aggregator platform that provides DeFi users with automated compounding yields at empirically optimal intervals while pooling gas fees through smart contracts and best yield optimization strategies. At the same time, Avault has its alt meaning.
The biggest difference between Avault and other vaults is that, Avault provides an interest-bearing asset token(aLP) to the users who deposited their LP on the platform.
Avault stated they believe that aLP can become an essential part of Astar Defi ecosystem. The aLP can unlock the value of staked funds in the liquidity pools. Many other Defi projects can do lots of things by using this aLP. At the same time, users can stake this aLP to farm $AVAT for a higher return. So Avault is not only a simple yield aggregator, we are trying to rich the Astar ecosystem in the future. Every Astar user can benefit from this mechanism.
What is aLP/aToken? How can I use it?
aLP/aToken is the receipt of your deposited LP/token. At the same time, it is an interest-bearing asset token. Every interest-bearing token will earn interest automatically, even if users only hold it without doing anything. Users can stake their aLP into the farm to earn $AVAT.
The reason why Avault create the aLP and aToken is trying to rich the ecosystem. Even if the Avault token is all distributed in the future, the LP that users deposited in Avault can still be used by other projects.
Also, the lending protocol can use aLP/aToken as collateral. Compared with a single token, the risk of liquidation will be much lower. It is because the value of aLP/aToken is increased continually. So that users’ LP is more flexible to use and generate more value.
Moreover, as Avault provide aToken(aUSDC, aUSDT, etc) which generated by USDC, USDT deposited on Avault. Then they will stake that stablecoin on Starlay to earn interest. That means users can use those token to group an LP in a platform like Curve to earn extra revenue. At that moment, users not only receive interest from Starlay, but also will receive revenue from platforms like Curve, probably Sirius.
TOKEN INFORMATION
- Ticker: $AVAT
- Total supply : 500,000,000
- Months to emit : 24months
- Liquidity Mining : 60%
- Community Growth : 5%
- Foundation: 15%
- Team : 15%
- IDO : 5%
ABOUT Avault
Avault is a yield aggregator platform that provides DeFi users with automated compounding yields at empirically optimal intervals while pooling gas fees through smart contracts and best yield optimization strategies. Enables the highest APY on Avault using a proprietary dynamic harvest optimizer.
Website|Discord | Twitter | Github
ABOUT Astar Network
Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines. Polkadot Relay Chain doesn’t support smart contracts.
Website | Twitter | Discord | Telegram
RESOURCES
Medium