avUSD is a USD-pegged, yield-bearing token deployed on Base at address 0xf4c13d631450de6b12a19829e37c8e2826891dc4. The "av" prefix conventionally denotes a variable-rate lending derivative, structurally similar to Aave v3 aTokens, where the token represents a user's share of a collateralized lending pool and accrues interest over time.
The token currently features in a Pendle market on Ethereum mainnet, which allows its underlying yield to be split into principal and yield components. This market shows approximately $2.36 million in TVL, an implied APY of ~38.45%, and a maturity date of May 14, 2026. The cross-chain presence (Base deployment with an Ethereum mainnet Pendle market) suggests active yield routing or bridging between the two networks.
Basic metadata such as token decimals and spot USD price are currently unverified in the provided data. LPs should verify contract details and oracle feeds directly before deployment, as yield-bearing stablecoins carry standard smart contract and depeg risks alongside the specific market dynamics reflected in the Pendle pricing.