TechFlow news, November 28 — According to TheBlock, DeFi protocol Avant has raised $6.5 million in a seed funding round, with participation from Superlayer, Avalaunch, GoGoPool, Daybreak Digital, and Linda Kreitzman.
Avant is an Avalanche-based crypto yield protocol offering a stable-yield token similar to Ethena. It issues a "value-stable" token called avUSD. Users can stake avUSD to receive savUSD, the yield-bearing version of avUSD. To mint avUSD, users deposit stablecoins such as Circle's USDC or Tether's USDT into the Avant Protocol, which operates on the Avalanche blockchain. While avUSD itself does not generate yield, it is designed for various DeFi activities such as lending.




