# AquaBank

> New stable deposit standard

AquaBank is a non-custodial yield aggregation protocol on Avalanche. It lets users deposit stablecoins into smart contract vaults that route liquidity to lending protocols such as BENQI and Euler Finance, returning yield to depositors.

AquaBank is a non-custodial yield aggregation protocol on the Avalanche network. It lets users deposit stablecoins into smart contracts that route liquidity into established lending markets and returns the resulting yield to depositors. The protocol is aimed at digital asset holders seeking stablecoin yield without surrendering custody of their assets.

Deposits are converted into proof tokens that represent a user's position and accrue rewards automatically as the underlying liquidity is routed to external lending protocols such as BENQI and Euler Finance. All deposits and withdrawals are authorized solely through the user's own wallet signature, with no centralized custodian holding funds at any point. A portion of the generated yield supports ecosystem reserves, while the remainder is distributed directly to depositors.

Beyond its core vault model, the ecosystem includes a SmartSwap module built on an integrated decentralized exchange for token swaps and additional liquidity pools, alongside a points-based rewards program called Coral Rush that incentivizes ongoing participation. The protocol is used by stablecoin holders, liquidity providers, and participants seeking exposure to Avalanche-based decentralized finance yield opportunities.

- Type: Protocol
- Sector: DeFi
- Status: Closed
- Founded: 2025-07-01
- Profile: https://thegrid.id/profiles/aquabank

## Products

- [AquaBank](https://thegrid.id/profiles/aquabank): AquaBank is a yield aggregator on Avalanche C-Chain that routes user stablecoin deposits into external DeFi protocols such as BENQI and Euler Finance to generate automated returns. Users deposit USDT, USDC, or AUSD and receive corresponding receipt tokens as deposit certificates representing their position. The protocol distributes the majority of generated yield directly to depositors, retaining the remainder for token buybacks and treasury reserves. An integrated SmartSwap module enables token exchanges within the same app, and the Coral Rush rewards program distributes points and token airdrops based on user activity. (Yield Aggregator, Inactive/Support Ended, 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)
- [BWPM (BWPM)](https://thegrid.id/profiles/aquabank): BWPM is a membership NFT within the AquaBank ecosystem on Avalanche. Holders convert BWPM one to one into sBWPM to access ecosystem utilities and rewards tied to the AquaBank platform. The conversion mechanism locks the original NFT while issuing a staked representation that carries the associated benefits. (NFT)
- [ADOL (ADOL)](https://thegrid.id/profiles/aquabank): ADOL is a membership NFT within the AquaBank ecosystem on Avalanche. Holders convert ADOL one to one into sADOL to access ecosystem utilities and rewards tied to the AquaBank platform. The conversion mechanism locks the original NFT while issuing a staked representation that carries the associated benefits. (NFT)
- [SHELL (SHELL)](https://thegrid.id/profiles/aquabank): SHELL is a utility token of the AquaBank ecosystem on Avalanche. It is distributed through platform reward allocations and used to capture value from ecosystem fee flows. A share of protocol fees is routed to SHELL distribution and value capture mechanisms, linking its supply dynamics to platform activity. (Utility)
- [CLAM (CLAM)](https://thegrid.id/profiles/aquabank): CLAM was a utility token within the AquaBank ecosystem on Avalanche, tied to earlier migration infrastructure. The token's migration mechanism has been terminated and CLAM is no longer supported for conversion or active use. It remains documented for historical holder reference only. (Utility)

## Links

- [Main](https://aquabank.io)
- [Documentation](https://aquabank.gitbook.io/aquabank)
- [Terms of Service](https://aquabank.gitbook.io/aquabank/en/important-notices/terms-and-condition)
- [Privacy policy](https://aquabank.gitbook.io/aquabank/en/important-notices/privacy-policy)
- [Governance](https://aquabank.gitbook.io/aquabank/en/governance/overview)
- [Twitter / X](https://x.com/Aquabank2025)
- [Instagram](https://instagram.com/aquabank2025)

## Legal

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- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
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- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

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- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
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- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
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