Avalend Finance Fair Launch

New lending protocol on Avalanche.

No contracts.

DETAILS

• Max supply: 1,000,000,000 AVAL
  • 100,000,000 AVAL for initial liquidity
  • 700,000,000 AVAL for staking pools
  • 5,000,000 AVAL to team having 6-month full lockup, 20 months linear unlock thereafter
  • 5,000,000 AVAL for seed sale having 3-month full lockup, 5 months linear unlock thereafter
  • 100,000,000 AVAL for development and airdrops
• Liquidity will be added on TraderJoe
• Emission rate will be as follows:
  • 2,000,000 AVAL / second for first 20 days
  • 1,000,000 AVAL / second for the next 300 days
  • 100,000 AVAL / second for the remaining 3,600 days
• AVAL is the governance token
• By staking AVAL you can get 10% interest subsidy while lending and 5% discount while borrowing
• You can borrow up to your “Borrow limit” worth of assets, with the respect to assets’ “Liquidation threshold”
• As the liquidation will be triggered while the line was hit, the borrower’s staked AVAL will automatically serve as collateralized asset while one is facing liquidation
• Roadmap includes DAO launch