Introducing Avana:
A lending protocol for LP-backed loans
One of crypto's most important sources of collateral is hiding in plain sight: AMM liquidity.
Major AMMs already hold billions in liquidity, yet LP positions are still treated mostly as passive positions rather than productive collateral. Avana brings that liquidity into lending markets for today's DEXs and LP types, using dual oracles and stronger risk controls.
That requires more than listing LP tokens as collateral. Avana is built around specialized Aave v4 Spokes for different DEX designs, several Aave v4 Hubs organized around lowest-risk, correlated, and higher-range LP markets, and an Aave v4 Lend Spoke that supplies the capital behind those markets.
The end state is simple: LP positions that can earn in AMMs, back loans in lending markets, and carry risk controls specific to the pools they come from.
Risk Management
Risk management in Avana is split across specialized contributor scopes so no single team owns every assumption behind an LP collateral market.
01. Protocol team
Protocol owns the design and implementation of Avana's lending system, including smart contracts, LP collateral architecture, liquidation systems, oracle infrastructure, access control, execution environment, and upgrades across integrated AMMs and lending hubs.
02. Operations team
Operations coordinates the day-to-day protocol layer, including treasury processes, incentive programs, ecosystem growth, contributor workflows, and collateral onboarding operations.
03. Market Risk team
Market Risk owns the quantitative side of LP collateral: liquidity depth, volatility, price behavior, concentrated liquidity exposure, liquidation dynamics, pricing integrity, and parameter tuning across market conditions.
04. Collateral Risk team
Collateral Risk owns the qualitative side of onboarding and monitoring, including asset structure, liquidity sources, governance dependencies, protocol dependencies, and broader collateral integrity across supported markets.
The goal is clean separation, with technical execution, operations, market modeling, and collateral review each owned independently.
Roadmap
Avana develops in three phases. Each phase builds on the one before it: Borrow Markets, Lend Markets, then Multiply Markets.
Phase 1 - Borrow Market
Borrow against LP positions with pricing, risk checks, and liquidation controls.
Target Q3 2026
Phase 2 - Lend Market
Supply capital to back LP borrowing and earn yield from the market.
Target Q4 2026
Phase 3 - Multiply Market
Open LP-backed leverage positions and manage them with a single workflow.
Target Q1 2027
We are a small team working on a large problem. If you're interested in joining this research effort, we would love to hear from you.