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    “AvantProtocol

    hexagon

    Flipside AI

    Avant Protocol demonstrates robust user engagement with significant concentration among high-value participants. Whales dominate the ecosystem, accounting for 89.4% of total minted volume and 83% of staked volume, with 250 unique users minting 13.36M avUSD across 504 transactions. Despite high minting activity, redemption remains modest, with only 43 users withdrawing 405.7K avUSD, indicating a strong preference for staking and minting over redemption.

    MINT
    REDEEM
    Daily Minted
    Daily Redeemed
    STAKE
    UNSTAKE
    Avant Protocol
    Avant Protocol is a decentralized finance (DeFi) platform established in June 2024, aiming to create a more inclusive financial system. Operating on the Avalanche blockchain, it introduces avUSD, a stable-value token. Users can stake avUSD to receive savUSD, a yield-bearing version designed for various DeFi activities such as lending and borrowing. We have been tracking its growth since November 15, 2024, and the numbers speak for themselves! 🚀
    MINTING
    Minting in Avant Protocol means creating new avUSD tokens by depositing collateral USDC. Users send USDC to the smart contract, which mints an equivalent amount of avUSD. This stablecoin can then be used, traded, or staked for yield.
    REDEEMING
    Redeeming in Avant Protocol means converting avUSD back into its collateral USDC. Users burn their avUSD tokens, and the smart contract returns the corresponding amount of collateral, allowing them to exit their position.
    🔥 Avant Protocol Activity Update 🔥

    In the latest stats:

    ✅ 1.7K Mint transactions by 408 users, generating 61.7M avUSD

    🔄 96 Redeem transactions by 70 users, totaling 1.3M avUSD

    📊 Avant Protocol User Activity Breakdown 📊

    🔹 Mint & Stake (60.09%) – 274 users are actively minting avUSD and staking it to earn rewards.

    🔹 Full Cycle Users (16.89%) – 77 users have completed the full loop of minting, staking, and redeeming, holding 19.13% of the total balance! 🚀

    🔹 Mint Only (8.77%) – 40 users have minted avUSD but haven’t staked or redeemed it.

    🔹 Stake Only (6.58%) – 30 users staked avUSD without minting or redeeming.

    🔹 Mint & Redeem (3.07%) – 14 users minted and then redeemed their avUSD.

    🔹 Other Patterns (2.19%) – A small portion of users engaged in unique behaviors like staking & unstaking.

    👀 Key Takeaway:

    Most users are staking their avUSD,

    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.