AVAI is a cryptocurrency that is designed to maintain a stable value equivalent to the US Dollar. It achieves this by being pegged to the value of $1.00 USD. The value of AVAI is supported by locking tokens as collateral in a personal Vault within Orca Bank, along with other described mechanisms in the technical overview.

The entire process is decentralized, eliminating the need for intermediaries like financial institutions. This gives users complete control over their funds at all times. Orca Bank is the smart contract that enables users to deposit a specific ERC20 token as collateral and receive AVAI in return. For instance, if a user deposits $150 USD worth of collateral funds into a Vault using the USDC token, they can borrow up to 100 AVAI, which is equivalent to $100 USD. This allows them to invest a total of $250 USD while maintaining a stable debt of $100 USD.