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<a href="https://www.avantprotocol.com/" rel="noopener noreferrer nofollow">Avant</a>, an Avalanche-based crypto yield protocol, has just announced a successful $6.5 million seed funding round at a $25 million valuation. This news is particularly exciting as Avant offers a yield-bearing &#34;stable-value&#34; token, avUSD, akin to the popular Ethena.Let&#39;s dive into the details of this breakthrough and what it means for the DeFi landscape.KEY HIGHLIGTHS:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/9f15e8b1bc5c4024a3dbe31e1a764c05.png" /><h2 id="header-0">What is Avant?</h2>Avant issues a stable-value token, avUSD, which users can stake to receive savUSD. This yield-bearing version of avUSD offers an impressive 34% APY.To mint avUSD, users deposit stablecoins like Circle’s USDC or Tether’s USDT into Avant Protocol, which operates on the Avalanche blockchain. While avUSD itself does not generate yield, it&#39;s designed for various DeFi activities, such as borrowing and lending.Yield is earned by staking avUSD to receive savUSD. Avant has partnered with on-chain asset manager 0xPartners, which uses delta-neutral trading strategies to generate returns for savUSD holders. Delta hedging involves reducing the price risk of a spot position by taking an opposing futures position.<h2 id="header-1">Avant vs. Ethena</h2>So, how does Avant stand out from its competitor, Ethena?<ul><li>Yield Generation: Avant not only engages in the carry trade like Ethena but also explores other market-neutral trades, leading to higher yields.</li></ul><ul><li>Decentralization: Avant is fully on-chain, emphasizing the future of DeFi without reliance on centralized exchanges.</li></ul><ul><li>Performance Fee: Avant charges a 10% performance fee on the yield generated.</li></ul><ul><li>Governance: Avant plans to launch a native governance token, AVANT, in Q1 2025, featuring a &#34;vote escrow&#34; mechanism for token holders to have governance rights.</li></ul>As Avant moves towards its full public launch in December, its current Total Value Locked (TVL) stands at just over $5 million, with fewer than ten depositors. Founder Rhett Shipp expects significant growth as early access broadens.Shipp highlights, “We believe that DeFi is the future and is finally at a stage where we can scale yield generating market neutral tokens like this without relying on centralized exchanges.”<h3 id="looking-forward">Looking Forward</h3>Avant&#39;s commitment to innovation and decentralization sets it apart in the DeFi space. With its unique approach to yield generation and the upcoming launch of the AVANT governance token, Avant is poised to make significant strides in the crypto world.Stay tuned for more updates as Avant expands its whitelist and gears up for a full public launch. &#x1f680;That&#39;s it for today folks, Thanks for reading ! For more insightful crypto content, Follow Me <a href="https://t.me/CryptoPM" rel="noopener noreferrer nofollow">CryptoPM</a> Stay updated with the latest trends and analyses in the crypto world!

Avant Protocol: Raising $6.5M to Revolutionize DeFi and Elevate Yield Generation

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