savUSD, issued by the Avant Protocol smart contracts under the governance of the Avant Protocol Foundation and its affiliates, is a senior-tranche, yield-bearing tokenized claim that accrues value from market-neutral trading strategies applied to deposited collateral. [S1][S2]

savUSD is the staked, senior-tranche form of avUSD, the base token backed 1:1 by U.S. dollar coin (USDC) and mintable with USDC or USDT. [S1][S3] Yield derives from delta-neutral strategies including arbitrage, hedging, and cash-and-carry run by external trading partners, primarily 0xPartners. [S1] Returns are value-accruing rather than rebasing: the savUSD-to-avUSD exchange rate continuously increases, and senior holders are loss-protected by junior tranches. [S4][S3] Holders bear a 10% performance fee on net strategy profits, an additional variable performance fee, and a frontend-disclosed redemption fee. [S5]

The tokens are issued and operated by the Avant Protocol Foundation and its affiliates, governed by the law of the British Virgin Islands. [S2] The product is a decentralized DeFi protocol, not a single regulated corporate issuer; tokenholders hold programmatic claims against the protocol smart contracts holding certain assets. [S2] Restricted Persons are excluded, including residents or citizens of the United States, Cuba, Iran, North Korea, Syria, and the Crimea, Donetsk, and Luhansk regions of Ukraine; users must be at least 18. [S2] Unstaking savUSD to avUSD has a one-day cooldown during which no yield accrues. [S6] Collateral is held in institutional-grade Multi-Party Computation wallets. [S7]

savUSD is an ERC-20 token, native to Avalanche and distributed across roughly 11 networks including Ethereum, Linea, BNB Chain, Berachain, Katana, Movement, Plasma, Monad, MegaETH, and SEI via Chainlink CCIP and LayerZero OFT adapters. [S8][S9] Users mint avUSD by depositing the underlying, then stake to receive savUSD. [S6][S8] Portfolio NAV is calculated weekly by independent valuation provider Pennyworks. [S1]

<Sources
  retrievedAt="2026-06-22"
  items={[
    { id: "S1", url: "https://www.avantprotocol.com/" },
    { id: "S2", url: "https://docs.avantprotocol.com/legal-and-risk/terms-of-use" },
    { id: "S3", url: "https://docs.avantprotocol.com/overview/core-tokens" },
    { id: "S4", url: "https://docs.avantprotocol.com/overview/avant-overview.md" },
    { id: "S5", url: "https://docs.avantprotocol.com/yield-strategies-and-revenue/protocol-revenue-and-fees" },
    { id: "S6", url: "https://docs.avantprotocol.com/overview/using-avant-protocol/redeeming-avassets" },
    { id: "S7", url: "https://docs.avantprotocol.com/legal-and-risk/risks" },
    { id: "S8", url: "https://docs.avantprotocol.com/overview/using-avant-protocol" },
    { id: "S9", url: "https://docs.avantprotocol.com/security/contract-addresses" },
  ]}
/>


Tokenized funds

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Avant Protocol

Avant Staked avUSD (savUSD) is a tokenized fund share issued by Avant Protocol through Avant Protocol Foundation.

The fund is open-ended and invests in crypto assets.

Retail investors can subscribe and redeem in avUSD, and holders have a right to redeem at net asset value with same- or next-business-day settlement.

Avant Protocol Foundation is the issuing entity.

Holder terms are governed by the law of the British Virgin Islands.

savUSD has been issued on Avalanche as an ERC-4626 token since November 2024.

Avant Staked avUSDsavUSD

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