Avant (Seed)
Funding Details
- Awarder
- Inbox
- Date Award
- June 08, 2025
- Vertical
- DeFi
- Funding URL
- View Funding Page
- Funding Amount:
- $6,500,000
Company Info
- Traction
- The product currently has just over $5 million in total value locked and fewer than 10 depositors amid its early-access strategy.
- Founders
- Rhett Shipp
- Company Description
- Avant is an Avalanche-based decentralized finance protocol that offers a 'stable-value' token avUSD, which can be staked to receive a yield-generating version of the token savUSD. Users can mint avUSD by staking USDC or USDT stablecoins.
- Market
- Cryptocurrency
- Location
- USA
- Coinvestors
- Superlayer, Avalaunch, GoGoPool, Daybreak Digital, Linda Kreitzman