Orca AVAI $AVAI

Orca AVAI is an innovative crypto project introducing a new coin that is designed to maintain a value closely pegged to the US Dollar. This is accomplished by locking tokens as collateral in a personal Vault within the Orca Bank. The system operates entirely in a decentralized manner, giving users full control over their funds and eliminating the need for any middlemen, such as financial institutions.

Functionality of Orca AVAI

Orca AVAI works by enabling users to deposit a specific ERC20 as collateral in an Orca Bank contract. In return, they are granted AVAI. As an example, if a user deposits $150 USD worth of collateral funds into a Vault, they can borrow up to 100 AVAI, which is equivalent to $100 USD. This allows them to invest a total of $250 USD, with a stable debt of $100 USD.

Decentralized Finance with Orca AVAI

The primary advantage of the Orca AVAI project is its decentralized nature. It puts the users in full control of their funds, freeing them from the restrictions and limitations that traditional financial institutions often impose. Additionally, the model also provides a unique investment opportunity, allowing users to borrow funds in AVAI against their collateral in a stable and secure manner.

Details of the Orca AVAI Project

The details of the project, including its technical overview, provide a comprehensive understanding of how the system operates to maintain a stable value closely pegged to the US Dollar. The mechanisms used are designed to provide maximum security and control to the users, making the Orca AVAI project a promising development in the world of digital currencies.