Avalon Finance, a leading decentralized lending protocol, is integrating Core. This integration is another step towards the expansion of Bitcoin DeFi (BTCfi), combining the strengths of Avalon Finance’s innovative financial solutions with Core’s robust and secure blockchain infrastructure.
What is Avalon Finance?
Avalon aims to build the largest BTC lending platform across all ecosystems, bringing Trillion-Dollar value to DeFi and unlocking new users. As a cross-chain lending protocol, Avalon has achieved over $300 million in TVL and boasts more than 20,000 users.
Avalon Finance comprises three key components that enhance its functionality and user experience:
- Overcollateralized Lending: A foundational lending protocol featuring an isolation pool mechanism that supports a wide range of assets, from major cryptocurrencies to less liquid ones, as collateral.
- Algorithmic Stablecoin Based on Lending: An overcollateralized algorithmic stablecoin that leverages the lending protocol to optimize capital efficiency for users.
- RWA Lending: An innovative lending protocol tailored for both permissioned and permissionless real-world assets (RWA) to maximize capital efficiency and yield farming.
Avalon Finance Meets Core
By integrating with Core, Avalon Finance is set to enhance the Bitcoin DeFi ecosystem, leveraging Core’s Bitcoin-powered and EVM-compatible layer-one blockchain. Here’s how this integration will revolutionize BTCfi:
- Enhanced Security: Core’s Satoshi Plus consensus mechanism, which combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS), ensures high security and reliability. This integration will provide Avalon Finance users with a secure environment for their financial transactions.
- Seamless Bitcoin Integration: Avalon Finance will be able to tap into Core’s robust infrastructure, allowing for the seamless integration of Bitcoin into DeFi products. This means users can enjoy the benefits of Bitcoin’s liquidity and stability within Avalon Finance’s innovative financial solutions.
- Increased Accessibility: Core’s EVM compatibility allows Avalon Finance to leverage Ethereum’s versatile smart contract capabilities, making it easier for developers to create and deploy new DeFi applications that utilize Bitcoin.
- Unlocking Bitcoin’s Potential: With this integration, Avalon Finance unlocks part of the vast liquidity of Bitcoin, providing users with more opportunities to earn yields, participate in lending and borrowing, and engage in other DeFi activities without the need for wrapped assets.
What This Means for BTCfi
The integration of Avalon Finance with Core represents a big step forward for Bitcoin DeFi. Here’s what users can expect:
- Diverse Financial Products: Access a wide range of decentralized financial services that leverage Bitcoin’s liquidity, including innovative lending and borrowing protocols, algorithmic stablecoins, and more.
- Optimized User Experience: Enjoy a seamless and user-friendly experience as Avalon Finance integrates Core’s blockchain infrastructure, providing fast, secure, and cost-effective transactions.
- Enhanced Earning Potential: With the ability to utilize Bitcoin directly in DeFi applications, users can maximize their earning potential through various financial products offered by Avalon Finance.
Avalon Finance’s integration with Core has more to it - it’s evolution in the making. By combining Avalon with Core’s powerful blockchain capabilities, a new era of Bitcoin DeFi is starting, opening up new possibilities for financial innovation, and providing users with unprecedented opportunities to grow their assets and participate in DeFi.
About Core
Core is a Bitcoin-powered and EVM-compatible layer-one blockchain responsible for bringing BTCfi to life with the first-ever non-custodial Bitcoin staking protocol and the world's first yield bearing BTC ETP with Valour. Core is the most Bitcoin-aligned EVM blockchain with ~50% of Bitcoin mining hash power contributing to the network’s security and over 4,800 BTC natively staked in exchange for unlocking Bitcoin utility and rewards. This breakthrough has amassed a massive community of 2.3M Twitter followers and 265k Discord members which has translated into millions of Core adopters - over 18M unique addresses and 256M transactions since its mainnet launch in January 2023.
About Avalon Finance
Revolutionizing BTC Lending Across Ecosystems. Avalon aims to build the largest BTC lending platform across all ecosystems, bringing Trillion-Dollar value to DeFi and unlocking new users. As a cross-chain lending protocol, Avalon has achieved over $300 million in TVL and boasts more than 20,000 users.