Overview
This proposal seeks to list the AVAIL token as a new market on Moonwell’s Base deployment. AVAIL is the utility token of the Avail Network, a modular data availability layer founded by former Polygon co-founder Anurag Arjun and ex-research lead at Polygon Prabal Banerjee.
General Information
Token Asset Name: AVAIL (ERC-20 on Base bridged via Wormhole from Ethereum)
Project Description: Avail is a modular data availability layer that launched its mainnet in July 2024. The project has garnered significant traction with over 60 chains developing integrations, 110 partners including prominent projects like Lens Protocol, Sophon and Symbiotic etc.
Benefits to Moonwell Community:
- Expands Moonwell’s asset offerings to include a fundamental infrastructure token in the modular blockchain space
- Provides yield opportunities for AVAIL holders on Base
- Increases TVL potential through integration with a rapidly growing ecosystem
- Attracts users from Avail’s existing ecosystem to Moonwell
Resources:
Social Channel Metrics:
Twitter: 330k+ followers
Discord: 195k+ members
Telegram: 140k+ members
Contact Information: Please contact @ri5hitripathi on Twitter
Author’s Relationship to Token: The proposal author is a contributor to Avail Ecosystem.
Market Risk Assessment
Market Information:
- Token Address on Base: 0xd89d90d26b48940fa8f58385fe84625d468e057a
- Market Cap: $204,144,339.00
- Circulating Supply: 1,952,453,966 AVAIL, Source
- Total Supply: 10,274,953,966 AVAIL, Source
- 24h Trading Volume: $3.2M
- Volatility (30-day): 20.38%
Liquidity Information:
-
Aerodrome (Base): Bridged via Wormhole (From Ethereum to Base)
- AVAIL-USDC Pool: $2.3M TVL
- 24h Volume: ~$350K
- Slippage (100k): 0.85%
-
Uniswap V3 (Ethereum): Bridged via Avail Native Bridge (From Avail Network to Ethereum)
- Combined Pools: $4.2M TVL
- 24h Volume: $100k
- Slippage (100k): 0.62%
Onchain Activity Metrics:
-
On Avail Network:
Accounts: 283,774
Transactions : 1,768,865
Token transfers: 573,631
-
On Ethereum Network:
Total holders: 2,423
Supply : 73,118,687.95 AVAIL
Transfers: 34,216
-
On Base Network:
Total holders: 1,249
Supply: 29,197,768.16 AVAIL
Decentralization Assessment (Avail Network):
- Herfindahl Index (HHI): 0.1518
- Gini Coefficient: 0.9973
Emission Schedule on Avail Network:
- Inflation is 5% per annum
- Total Supply (at genesis): 10,000,000,000 (10 billion) AVAIL
- Circulating Supply (at genesis):16.775% of total supply
Top Token Holders (Avail Network):
- Un-Locked Public Allocation: 6%
- Locked Investors: 3%
- Locked Ecosystem Development: 24%
Contract Controls:
- Pausable: Yes (4/7 Multisig controlled)
- Blacklist: No
- Upgradeability: No
- Timelock: 48 hours on admin functions
Smart Contract Risk Assessment
Security Information:
- Audited by Halborn , Verichains, Sherlock Security and others.
- Audits: Audit Report for Avail
- No critical or major issues found
- Active bug bounty program on Immunefi
- Emergency Response Time: <1 hour
- GitHub: Avail · GitHub
Oracle Assessment
Chainlink Integration Status:
-
Base Network Price Feed:
Chainlink Oracle Address Confirmation:
Address : 0x947eD6A3664fCE27a365b720286c01074d3782E0
Proposed Initial Parameters
We propose the following initial conservative parameters, subject to Gauntlet’s risk assessment:
- Collateral Factor: 0% (initially, as per framework recommendations)
- Reserve Factor: 25% (standard for non-stablecoin assets)
- Supply Cap: TBD based on Gauntlet’s assessment
- Borrow Cap: TBD based on Gauntlet’s assessment
Conclusion:
Listing AVAIL on Moonwell’s Base deployment offers a strategic opportunity to integrate a foundational infrastructure asset powering modular blockchain adoption. Adding AVAIL taps into growing demand for modular blockchain, and creating new yield opportunities on MoonWell’s base lending hub for users.
I am opening this proposal to the community to review, discuss, and provide feedback on this proposal to ensure its success and alignment with our shared vision for a secure and decentralized onchain financial future