Synapse Bridged AVAX (AVAX)

The AVAX representation on Kaia, minted by Synapse Protocol against WAVAX escrowed in its Avalanche bridge and released by Synapse's validator set. AVAX is a gas coin with no issuer who could honour redemption on Kaia, so the escrow and that validator set are the whole of the backing.

Pegged to avalanche

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