Avant, an Avalanche-based DeFi protocol, has successfully raised $6.5 million in a seed funding round with participation from Superlayer, Avalaunch, GoGoPool, Daybreak Digital, and Linda Kreitzman. The capital will be used to scale its crypto yield products, specifically its "stable-value" token avUSD, which can be staked to generate savUSD.

Currently, Avant has over $5 million in total value locked, with fewer than 10 depositors due to its early-access strategy. The protocol plans to expand its whitelist and open avUSD and savUSD to the public by December, aiming to increase its TVL significantly.