Question 1

What is AVL?

Accepted Answer

AVL is a utility token issued by Avalon Labs with governance uses; it is not company equity or debt, nor is it a stablecoin pegged to fiat currency or a basket of assets to maintain a fixed value. Holding AVL itself creates no mandatory obligation, and holders may decide whether to use it for staking and the corresponding platform functions. Its uses center on Avalon's lending and USDa-related products: depositing AVL into a designated staking contract can create sAVL, which in turn corresponds to staking rewards and the fee discounts and governance functions disclosed by the project. Token utility does not guarantee returns, value, or governance outcomes.

Question 2

What are AVL’s supply cap and allocation structure?

Accepted Answer

AVL has a maximum total supply of 1 billion tokens. This cap indicates the maximum number of AVL that can exist; it does not mean all of those tokens enter market circulation at the same time. The project's disclosed allocation is 28% community incentives, 20% airdrop, 19% investors, 15% ecosystem and treasury, 10% team, 4% advisors, and 4% initial liquidity. Therefore, supply should be understood by separating “total supply,” “allocation ownership,” and “circulating supply.” The percentages above state each category's share of total supply, but those percentages alone cannot establish a category's vesting period, unlock schedule, or tradable balance at a particular time.

Question 3

What is the relationship between sAVL and AVL, and how are staking rewards formed?

Accepted Answer

sAVL is the staked form a user receives after staking AVL in an Avalon-designated contract, not a separate asset unrelated to AVL. Staking commits freely transferable AVL to platform staking and thereby provides the participation eligibility associated with sAVL. The disclosed operational function is that holders who convert AVL to sAVL can receive staking rewards denominated in AVL. Project documents also state that rewards may come from platform fees or token emissions and are neither fixed nor guaranteed; therefore, the reward source, actual emissions, and final amount a user receives cannot be inferred from holdings or staked quantity alone.

Question 4

What do sAVL governance and emission voting cover, and did they launch with staking rewards?

Accepted Answer

sAVL is designed as a staking receipt that carries governance and voting over future emission allocations. Its disclosed scope includes products or functions, protocol parameters and risk settings, and which reward pools or platform modules future AVL emissions will be allocated to. This “emission voting” determines the destination of future incentives; it is not the same as paying a fixed return directly to voters. Function status must, however, be distinguished. The MiCAR white paper published in 2025 listed governance participation and emission-allocation control as functions planned for activation in the second quarter of 2026, while listing staking rewards as a function already operating at that time. Thus, holding or staking AVL alone does not establish that a governance interface, vote, or result is available at every point in time; actual participation depends on the governance access point and rules enabled by the platform.

Question 5

How do sAVL fee discounts affect a user’s costs?

Accepted Answer

The disclosed sAVL fee benefit is tiered fee discounts for Avalon's USDa issuance and CeDeFi lending services. The key variable is the amount of AVL staked: the staking tier determines the applicable discount. It reduces fees in eligible services; it does not directly pay holders the same value in cash or guarantee approval of a loan. Fee discounts and staking rewards are two separate mechanisms. The former affects a user's cost only when the user actually uses a specified service and satisfies the tier and platform conditions; the latter is an AVL reward related to staking. The white paper listed fee discounts as a function planned for launch in the fourth quarter of 2025, so the specific tiers, applicable fees, and whether they were available at that time cannot be derived from the early statement that “more staking means larger discounts.”

Question 6

How did the 2025 AVL TGE airdrop affect claiming and available balances?

Accepted Answer

During the 2025 TGE, AVL arranged an airdrop equal to 20% of total supply. The airdrop was not a one-time, unconditional distribution to every address: eligibility depended on prior participation categories and registration, and the project announcement explicitly stated that wallets that did not register during the specified registration period could not claim at TGE even if they had otherwise been eligible. The airdrop also set availability timing by user category. The announcement said that 99.5% of users could claim their entire allocation at once at TGE, while the top 0.5% of users defined as “whales” were subject to a linear unlock arrangement. Therefore, “receiving an airdrop allocation,” “being able to claim,” and “a transferable balance” were not the same concept in this event.

Question 7

How does the Stage 2 airdrop unlock for whale users who did not claim in Stage 1?

Accepted Answer

The post-TGE Stage 2 rules apply only to whale users who did not claim their airdrop in Stage 1. Their purpose is not to increase the total airdrop, but to specify how the remaining allocation unlocks progressively. Stage 2 has 3 periods of 60 days each, for a total of 180 days. In each period, users must continuously hold USDa equal to 15 times their AVL airdrop allocation to fully unlock that period’s reward. For example, an allocation of 1,000 AVL requires a threshold of 15,000 USDa. The project counts both USDa in the wallet and USDa deposited in USDaLend, and takes periodic snapshots. Holding more than 15 times the required USDa does not increase rewards; if the balance is below the threshold, the daily unlock rate falls, and no partial claim can be made during the period. A user can claim that period’s unlocked AVL only at the end of its 60-day cycle after meeting that period’s conditions.

Question 8

After the TGE, what are the key conditions in the official guidance for moving AVL from other networks to Ethereum?

Accepted Answer

In TGE-related guidance, Avalon stated that different centralized exchanges may support AVL deposits only on specific networks. Before transferring, users must therefore verify the network supported by the destination platform; sending AVL over an unsupported network may prevent the asset from being credited properly. For users who registered their airdrop on a non-Ethereum network at that time, the official migration path was to use Avalon Bridge to select the source network and Ethereum as the destination network, enter the amount and Ethereum address, confirm the LayerZero bridge fee, submit, and wait for confirmation. This process shows that cross-chain migration also requires the relevant network Gas and bridge fees; it does not mean every network or every exchange supports AVL deposits.

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