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Orca AVAIÂ AVAI
We lack of accurate trading data.
This could be attributed to several reasons, including limited exchange liquidity or delisting. Or might be due unable to provide support for exchanges where this asset is currently tradable.
About AVAI
Orca AVAI is a stablecoin that is part of the OrcaDAO protocol, which is built on the Avalanche blockchain. AVAI is designed to maintain a stable value pegged to the USD. It achieves this by being backed by collateral and insurance at a ratio of 150%. If the price of AVAI falls below the USD, it incentivizes holders to pay back AVAI, resulting in the burning of tokens, reducing the supply, and increasing the price of AVAI back to stability. The protocol also includes the ORCA governance token, which is held by owners of the protocol and allows them to participate in the governance of the DAO. Holders of ORCA tokens receive the majority of the revenues collected by the protocol. OrcaDAO places a strong emphasis on sustainability, particularly in Ocean/Marine restoration.
What makes Orca AVAI unique?
Orca AVAI is unique compared to other cryptocurrencies because it is a fully collateral-backed stablecoin. This means that every token of AVAI in existence is backed by collateral funds, ensuring that there is always full backing for each token. Additionally, AVAI is pegged to the US dollar, providing stability and confidence for users. The protocol also offers lending using crypto collateral at 0% interest, allowing users to borrow against their collateral. The combination of these features makes Orca AVAI a reliable and versatile stablecoin within the DeFi community.