What is Avalanche?
Avalanche is a high-performance smart contract protocol for decentralized applications. It has been touted as the real Ethereum flipper by several crypto natives since its mainnet launch in 2020.
Developed by the Ava Labs team, the platform aims to solve the scalability issue that limits blockchain adoption.
How is Avalanche Unique?
Avalanche seeks to scale blockchain networks without compromising on decentralized or security, the crux of the blockchain trilemma. To achieve this, Avalanche operates on three separate but interoperable blockchains, which are:
- Exchange Chain (X): handles all token minting and transfers.
- Platform chain (P): handles transactions related to network delegation and validation. Users can become validators or delegators by staking a minimum of 2,000 or 25 $AVAX, respectively. APYs are as high as 10% with a 2-week unlocking period.
- Contract Chain (C): handles all smart contracts.
These blockchains use different consensus mechanisms to deliver a high throughput robust, secure, and decentralized blockchain. At the time of writing, up to 4500 transactions can be processed in a second, with a finality time of less than a second.
Should I Buy AVAX?
$AVAX is Avalanche’s native utility token. It serves to secure the network and pay fees. AVAX has a total supply of 720 million, with 40% for investors and the team, 10% for public sales, and 50% for staking rewards.
Fundamentals largely determine the success of any crypto, and Avalanche is faring pretty well with that. With its foot deep in numerous DeFi services like asset issuance, exchange, lending and borrowing, insurance, prediction markets, derivatives, etc., it is clear that their sustained growth will positively impact $AVAX price in the long term.
How to get an instant Avalanche loan
Don’t sell your AVAX. Use it as collateral for an instant crypto loan and get up to 90% of your collateral’s value in a variety of currencies. We have AVAX to USD loans, AVAX to EUR loans, AVAX to GBP loans, AVAX to CHF loans, and stablecoin loans as well. Simply deposit AVAX today, choose a loan plan – or create a custom one yourself – and you’ll receive up to 30,000 in a currency of your choice in seconds.
How to borrow Avalanche - How does it work?
With our Crypto-Backed Loan service, you can borrow BTC, USDT, USD, EUR, GBP, or CHF only. That means if you want to borrow AVAX you first must convert one of the above to fiat and convert it to AVAX using our exchange service.
Avalanche loan calculator
You can use our AVAX loan calculator with different loan plans to find the best option for you. You can see all parameters on the form such as loan duration, price down limit, and loan repayment. If you want to loan Avalanche, please check the calculator first to see which plan works best for you.
Avalanche lending process
Avalanche lending is easy with YouHodler. Just open and verify your account, deposit your crypto to the wallet and use it as collateral for your future AVAX loans.
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