Avant, a developer of crypto yield protocols, completes $6.5 million seed round, with participation from Avalaunch and others

＜span style="display：inline !important；"＞Avant, a developer of crypto yield protocols, has completed a $6.5 million seed round of financing, with a post-investment valuation of $25 million. Superlayer, Avalaunch, GoGoPool, Daybreak Digital and Linda Kreitzman participated in the investment. Founder Rhett Shipp said that Avant was founded in June this year and began informal conversations with investors in May, but officially started financing in October and ended at the beginning of this month. ＜/span＞ ＜span style="display：inline !important；"＞According to reports, Avant has issued a "stable value" token called avUSD, which can be pledged to obtain savUSD (the yield version of avUSD). Avant Protocol is still in its early stages and operates in "early access" mode, allowing only a selected set of whitelisted addresses to mint and pledge avUSD. “The whitelist will expand in the coming weeks,” Shipp said, adding that avUSD and savUSD are scheduled to be fully publicly released in December. (The Block)