Rhett Shipp

Avant Weekly Yield Report | November 6 Avant closed the week at $152.5M in TVL, with yields diverging as volatility picked up across crypto markets. Senior Tranches → savUSD: 7.47% projected APY | -0.53pp → savBTC: 3.67% | +1.51pp → savkBTC: 1.73% | -0.55pp → savETH: 4.15% | -0.09pp Junior Tranches → avUSDx: 12.73% projected APY | -0.22pp → avBTCx: 3.48% | -0.11pp → avkBTCx: 2.70% | -0.14pp → avETHx: 7.77% | +1.20pp savBTC was the strongest senior mover this week, rising 151 basis points to 3.67%. On the junior side, avETHx increased 120 basis points to 7.77%. BTC and ETH markets saw higher volatility through the week, while utilization remained elevated across lending markets. This supported higher borrowing rates in parts of the portfolio, most clearly across the savBTC strategy.

Avant has onboarded with cyber defense programs from @AnthropicAI and @OpenAI. We plan to use these tools to strengthen our security reviews. Superintelligence should amplify security expertise, not replace it. We will use these capabilities to conduct deeper due diligence on the protocols and counterparties where we deploy capital, evaluate our internal security controls, and independently validate the findings. Avant aims to stay at the forefront of superintelligence, integrating new capabilities into our security stack and the practices that protect our capital.

Avant has onboarded a Head of Superintelligence to lead our advanced AI efforts, with security coming first. The role brings dedicated AI expertise to work alongside our security and engineering teams, supporting due diligence and risk analysis across Avant. Our security philosophy remains grounded in layered controls, specialist expertise and human accountability. Protecting capital requires continued investment in the people and capabilities behind it.

October was another busy month for Avant. New credit markets, growing demand for yield-bearing collateral, and continued investment in the people and capabilities protecting the protocol. October by the numbers: → $19.25M in total yield distributed since inception → $58M of Avant collateral supplied to lending markets → 18 integrations across 9 protocols and 7 networks → 9.6% annualized realized yield for savUSD over the trailing 12 months What we shipped: → Fixed-rate borrowing through @TenorFinance, with $1.81M in loans backed by savUSD and savETH in its first week → Borrowing against savUSD on @Morpho's Base markets grew 50%, from $2.4M to $3.6M → Expanded savUSD's use as collateral across @Curvance on Monad, Morpho on Sei, and Royco V2 on Avalanche → Opened the Season 1 Buyback, allowing eligible holders to register to sell allocations at $0.025 per AVANT point → Onboarded a Head of Superintelligence and confirmed team access to cyber defense programs, supporting our existing security expertise and practices As Avant assets gain more uses across onchain markets, we’re continuing to invest in the infrastructure and security behind them. On to November.

Big incentives for avUSD LPs on @CurveFinance this epoch. Current yields: → frxUSD/avUSD: 25.40% → BOLD/avUSD: 22.53% → alUSD/avUSD: 76.68%

Avant Weekly Yield Report | October 31 Avant closed the week at $151.3M in TVL, with senior yields moving higher across avUSD, avETH and avkBTC. Senior Tranches → savUSD: 8.00% projected APY | +0.61pp → savBTC: 2.16% | -0.07pp → savkBTC: 2.28% | +0.32pp → savETH: 4.24% | +0.62pp Junior Tranches → avUSDx: 12.95% projected APY | -1.05pp → avBTCx: 3.59% | -0.13pp → avkBTCx: 2.84% | +0.50pp → avETHx: 6.57% | -0.72pp savUSD and savETH were the strongest senior movers this week, rising 61 and 62 basis points respectively, while savkBTC increased to 2.28%. Lending-market utilization moved higher following the Binance security incident, as precautionary freezes in lending markets limited new supply while withdrawals continued. The resulting increase in borrowing costs created stronger lending opportunities across parts of the portfolio. Junior yields were more mixed, with avkBTCx rising 50 basis points while avUSDx and avETHx moved lower.