bravUSDC

Last update: Oct 31, 2025

Avant+ DeFi Yield

Bracket is pleased to present the Avant+ DeFi Yield Strategy.

Administrator: Boreal Deposit: Daily Withdrawals: t+1 About the Strategy: The strategy is to deploy USDC into the Avant ecosystem which by default will be savUSD, but will also take advantage of incentivized liquidity pools, borrow/lend arbitrage, and fixed rate yield opportunities once available. This strategy includes layered leveraged exposure, including exposure to Avant managed assets, which should be considered a more aggressive risk profile.

Policy Managed Wallet

0x8DFC158aE5EF57996950a219122F3D925457Eb0E

Vault Token Symbol
Description
Contract Address

bravUSDC

Rebasing vault token

0x9f96E4B65059b0398B922792d3fF9F10B4567533

Wrapped Vault Token (non-rebasing)
Description
Contract Address

wbravUSDC

Non-rebasing vault token that may be deployable in external markets

0x7309E1E2e74af170c69bdE8FCB30397f8697D5FF

Deposit assets supported

USDC (ETH L1)

Fees:

Fee type
Fee
Notes

Performance

20%

Must exceed water mark for positive return

TVL

1.5%

Bracket platform flat fee (1.0%) + Boreal management fee (0.5%)

Source of yield:

  • As the ecosystem matures and additional opportunities arise, the strategy will dynamically allocate capital to higher-yielding Avant-native protocols.

    • Incentivized Liquidity Pools: Participating in protocol-native liquidity pools where yield is enhanced through Avant or partner token rewards. These pools provide both base yield and ecosystem incentives, compounding potential returns.

    • Borrowing /Lending Arbitrage: Taking advantage of interest rate inefficiencies between Avant’s borrowing / lending markets and external protocols

    • Fixed-Rate Yield Opportunities: When fixed-income vaults or tranches become available within Avant or affiliated protocols, capital will be rotated into these positions to lock in stable yields, ideal for predictable income generation and risk management.

    The strategy is designed to be capital-efficient, modular, and responsive to yield opportunities as they emerge in the Avant ecosystem. Risk is managed by limiting exposure to concentration or liquidity fragmentation risks. Over time, as Avant introduces additional primitives or integrates with other protocols, the strategy will adapt.

Enforced Capabilities: Policy Managed Wallet Address: 0x8DFC158aE5EF57996950a219122F3D925457Eb0E Funds movement is limited by the Bracket Protector for MPC wallets, the Policy Managed Wallet, with Bracket Platform serving as a policy administrator. Neither Bracket nor the Vault Administrator can unilaterally withdraw funds out of this wallet. Funds are non-custodial and limited to the following protocols, assets, and bridges: Chains: Ethereum, Avalanche (primary), Base (as available), Hyperliquid (as available), Plasma Decentralized Exchanges (DEXs)

The strategy leverages top DEXs to enable efficient asset swapping, liquidity provisioning, and yield opportunities:

  • Trader Joe: A leading DEX on Avalanche C-Chain

  • Pharaoh: Next Generation DEX, Concentrated Liquidity on Avalanche C-Chain

  • Uniswap V2/V3: Versatile DEX with concentrated liquidity

  • Pendle: Typically a yield protocol, however, this strategy uses for some swaps

  • Rewards : Blackhole DEX on avalanche protocol - used for BLACK rewards opportunities and some LP positions. WXPL - Wrapped Plasma token, received as rewards

Lending and Borrowing Protocols

The strategy optimizes capital efficiency by employing robust borrowing / lending protocols:

  • Silo Finance: A decentralized lending protocol that creates isolated lending markets to minimize risk between assets.

  • Euler: A non-custodial DeFi lending protocol that enables permissionless borrowing and lending with innovative risk management.

  • Benqi: A decentralized finance DeFi protocol on Avalanche that offers liquid staking and algorithmic lending markets, enabling users to earn yield on AVAX and other assets while maintaining on-chain liquidity.

Yield - Other

  • The strategy integrates Avant protocol to access Avant assets. These carry native yields.

Cross-Chain Bridges

The strategy integrates various cross-chain bridges:

  • Stargate, Avalanche Core Bridge: Secure and efficient cross-chain solutions

  • CCTP: Circle-powered stablecoin transfers

Supported Assets

The strategy supports a wide range of assets for liquidity, stability, and innovation:

  • Avant Assets: avUSD, savUSD (staked), savBTC

  • Other BTC assets: BTC.b

  • Stablecoins: USDC, USDT, USDT0, USDC.e

  • Other native tokens: AVAX, wAVAX

  • Related LP assets: Silo/Euler have respective LP assets that are issued, the strategy will have exposure to these assets by participating in those markets

Blockchain Networks

The strategy ensures interoperability by utilizing multiple blockchain networks: Ethereum, Avalanche (primary), Base (as available), Hyperliquid (as available)

Enforced Deposit and Withdrawal Policies: Note that withdrawals are locked during the NAV update period, 18:00 UTC (2:00pm EDT) + ~2hrs Deposits can be made during the lock period. --

Action Type
Cutoff

Deposit Request

Daily, submit prior to 18:00 UTC (2:00pm EDT)

Deposit Processed

18:00 UTC (2:00pm EDT) + ~2hrs

Withdrawal Request

Submit prior to 18:00 UTC (2:00pm EDT)

Withdrawal Processed

Daily requests, but rolling daily schedule. Submit prior to 18:00 UTC, (2:00pm EDT); available 1 day later + ~2hrs for processing

-- Disclaimer: Dates listed above may be subject to change with or without notice. Supported assets, wallets, and/or protocols may be updated in line with Changing A Vault's Investment Policy rules. *Target rate for the vault is illustrative and the reported rate will depend on actual performance. Eligible users only, please see Terms and Conditions for more information.

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