Avail (AVAIL)
Avail is a platform dedicated to enhancing the Web3 ecosystem through a modular technology stack that improves data availability, security, and interoperability. This platform is structured to create a cohesive blockchain environment.
Overview of Avail
The Avail ecosystem comprises three main layers, each with a specific function to support its unified blockchain environment.
Data availability layer
The foundational layer ensures data availability, offering a scalable and optimized setting for modular chains. It allows developers to independently verify data availability using validity proofs, eliminating the need to rely on Avail's assertions.
| Ticker | AVAIL |
| Category | Infrastructure |
| Website | https://www.availproject.org/ |
| @AvailProject | |
| Telegram | AvailCommunity |
| Contract Addresses | |
|---|---|
| ethereum | 0xee...d8 Copied! |
| base | 0xd8...7aCopied! |
Nexus layer
Nexus serves as a zero-knowledge proof-based coordination rollup, acting as a verification hub for rollups within and outside the Avail ecosystem. It includes a proof aggregation/verification layer and a sequencer selection mechanism.
Fusion security layer
Fusion strengthens Avail's security by enabling assets from major ecosystems like Bitcoin and Ethereum to be staked alongside Avail's native assets, enhancing the tokenomics security.
Avail Nexus
Avail Nexus is a permissionless framework connecting multiple blockchains within and outside the Avail ecosystem. It utilizes Avail's data availability as its root of trust, integrating rollups through a structured standard. It also involves proof aggregation and sequencer selection mechanisms, with some proofs sent to Ethereum.
Avail Fusion
Avail Fusion completes the unification layer by providing enhanced security to the Avail ecosystem. It allows native assets from major ecosystems like Bitcoin and Ethereum to be staked alongside Avail's native assets, leveraging mature assets to bolster cryptoeconomic security.
Tokenomics
AVAIL's allocation is community-focused, with over 65% dedicated to community initiatives such as the Unification Drop, Public Allocation for Future Initiatives, Ecosystem Development, and Community & Research.
Governance and staking
The AVAIL token is essential for Avail's governance. Holders can participate in staking to secure the blockchain and earn rewards, using platforms like the Avail staking dashboard and external staking UIs.
Staking reward payout lifecycle
When staking AVAIL, rewards begin accruing in the next era after the stake is placed. An era lasts 24 hours, during which validators produce blocks. The staking process involves placing the stake, activation in the next era, reward accrual, and the payout of rewards.
Chain integrations
Avail integrates with various blockchain ecosystems to enhance interoperability, scalability, and security:
- Arbitrum: An Ethereum Layer 2 scaling solution that benefits from Avail's data availability layer.
- Madara: Strengthens Avail's modular approach, ensuring robust data availability and interoperability.
- Optimism: A Layer 2 scaling solution for Ethereum that improves data availability and security with Avail.
- Polygon CDK: Offers a framework for developers, with Avail integration ensuring scalable and secure data availability.
- Polygon zkEVM: Combines Ethereum's security with zero-knowledge proofs, enhanced by Avail integration.
- StarkWare: Utilizes STARK technology for scalability and privacy, integrating Avail's data availability layer.
- zkSync: A Layer 2 scaling solution that ensures efficient data availability with Avail, supporting high throughput and low latency.
Mainnet launch and funding
On July 23, 2024, Avail launched Avail DA on the mainnet, introducing the AVAIL token. The launch supported over 70 chains and technology stacks. It facilitated off-chain data storage to reduce transaction costs while maintaining security. Avail has raised $75 million through funding rounds, including a $43 million Series A round led by Founders Fund, Dragonfly Capital, and Cyber Fund. An airdrop of 600 million AVAIL tokens was executed. Avail began as a spinout from Polygon in March 2023, focusing on data availability, cross-chain interoperability, and security.
Avail Foundation
The Avail Foundation promotes the development of trust-minimized digital systems, enhancing societal trust. Founded in Switzerland, it operates transparently within a supportive legal framework for non-profit organizations.
Strategic focus and initiatives
The Foundation advances the Avail ecosystem through key initiatives:
- Research and development support: Funds projects enhancing Avail protocol, including infrastructure and applications, and encourages collaborative research.
- Educational and community engagement: Develops resources for understanding Avail technologies and fosters adoption through workshops and hackathons.
Leadership and governance
The Foundation is led by a council of blockchain industry figures, including Anurag Arjun, Prabal Banerjee, and Andreas Traum. The Foundation focuses on expanding the ecosystem and promoting trust-minimized systems, with details on grants and programs released as progress continues.