# AquaBank > New stable deposit standard AquaBank is a stablecoin deposit and yield protocol on Avalanche that routes user deposits through DeFi protocols to generate returns. AquaBank helps stablecoin holders earn yield on Avalanche by depositing assets into smart-contract-managed vaults linked to external DeFi protocols. Users receive receipt tokens upon deposit, which represent their position and accumulate rewards automatically. A portion of generated yield supports ecosystem token buybacks and treasury reserves, while the majority is distributed directly to depositors. - Type: Protocol - Sector: Finance - Status: Active - Founded: 2025-07-01 - Profile: https://thegrid.id/profiles/aquabank ## Products - [AquaBank](https://thegrid.id/profiles/aquabank): AquaBank is a yield aggregator on Avalanche that routes user stablecoin deposits into external DeFi protocols such as BENQI and Euler to generate automated returns. Users deposit USDT, USDC, or AUSD and receive corresponding receipt tokens as deposit certificates. The protocol distributes 85% of generated yield directly to depositors, retaining the remainder for token buybacks and treasury reserves. An integrated SmartSwap module facilitates token exchanges at a flat fee, and the CoralRush rewards program distributes Coral Token airdrops proportional to user activity. (Yield Aggregator, Live, Main Product) ## Assets - [bUSDT (BUSDT)](https://thegrid.id/profiles/aquabank): BUSDT is a vault token representing USDT deposits in AquaBank on Avalanche. It is used to earn yield distributed from external DeFi protocols and to participate in liquidity pools. Deposited USDT is automatically routed to BENQI and Euler lending markets, with 85% of generated yield distributed to BUSDT holders. (Vault Tokens) - [bUSDC (BUSDC)](https://thegrid.id/profiles/aquabank): BUSDC is a vault token representing USDC deposits in AquaBank on Avalanche. It is used to earn yield distributed from external DeFi protocols and to participate in liquidity pools. Deposited USDC is routed to integrated DeFi lending markets, with 85% of generated yield distributed to BUSDC holders. (Vault Tokens) - [bAUSD (BAUSD)](https://thegrid.id/profiles/aquabank): BAUSD is a vault token representing AUSD deposits in AquaBank on Avalanche. It is used to earn yield distributed from external DeFi protocols on the Avalanche network. Issued 1:1 against AUSD deposits, it allows holders to earn protocol yield while retaining the ability to redeem for AUSD at any time. (Vault Tokens) - [Coral (CORAL)](https://thegrid.id/profiles/aquabank): CORAL is the utility token of AquaBank, distributed through the CoralRush seasonal rewards program. It is earned by accumulating activity points from minting and swapping on the platform, with claims available in monthly cycles. A portion of protocol yield is allocated to CORAL buyback and burn, reducing circulating supply proportional to platform-generated revenue. (Utility) ## Links - [Main](https://aquabank.io) - [Documentation](https://aquabank.gitbook.io/aquabank) - [Terms of Service](https://aquabank.gitbook.io/aquabank/undefined/terms-and-condition) - [Privacy policy](https://aquabank.gitbook.io/aquabank/undefined/security) - [Twitter / X](https://x.com/Aquabank2025) - [Instagram](https://instagram.com/aquabank2025) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. 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