Avant savUSD Rate Provider Review on Monad

[tiago-hansen]

Additional Contract Information

• Is the rate provider reporting for a stable coin/FX/Yield tracking?
• Is the rate provider reporting a market rate?
• Is a combined rate provider needed (i.e. wstETH in aave)?
• Does this rate provider pertain to an ERC4626 contract?
• If so, is the intention for this ERC4626 asset to be boosted?
• If so, is the Buffer already initialized
• If so, shall the underlying asset be used to add/remove liquidity in a pool if possible? (i.e. add USDC for waUSDC)
• If so, shall the wrapped asset also be used to add/remove liquidity in a pool? (i.e. add waUSDC directly)

Network

monad

Rate provider contract address

0x55fD2ECa0761400A6e7780b6f333547fEb502Bb1

Asset contract address

0x9648db94f1e6b19e7d755585542981f97dc806c6

audits

Audited by Omniscia and Dedaub, with an ongoing OPSEC audit by Trail of Bits — https://docs.avantprotocol.com/security/contract-and-opsec-audits

Protocol Documentation

savUSD (Staked avUSD) is Avant Protocol's yield-bearing stablecoin. avUSD is backed ~1:1 by USDC and generates no yield on its own; staking avUSD mints savUSD, which accrues value through a continuously increasing savUSD/avUSD exchange rate (there is a 1-day cooldown when unstaking, during which no additional yield accrues). The rate provider (0x55fD2ECa0761400A6e7780b6f333547fEb502Bb1) reports this embedded yield by reading the on-chain "SAVUSD / AVUSD Exchange Rate" feed at 0x9F6ba235CFfFdEB32CfB38E3100D5f775bB1094E (Chainlink AggregatorV3 interface, 18 decimals). getRate() currently returns ~1.1849e18. Docs: https://docs.avantprotocol.com/

ERC4626 Asset contract address

No response

ERC4626 Asset contract audits

No response

ERC4626 Asset contract documentation

No response

Link to passing fork tests

No response

Terms and Conditions

• The protocol to be integrated has been audited by at least one security firm or independent researcher.
• If deployed, the contract & all involved downstream contracts are verified on etherscan.
• The contract does not rely upon an EOA to supply any critical data (e.g., price).
• If upgradeable, the contract's administrator is not an EOA.