Foresight News reports that Avalon Labs has announced the acceleration of the USDa ecosystem development and has launched an airdrop subsidy program for the governance token AV. This airdrop event will last for 1 month and is mainly targeted at all USDa holders, with participants having the opportunity to enjoy an annual percentage rate (APR) of up to 50%. Currently, the total locked value of USDa has surpassed 700 million dollars.
As a leading financial infrastructure platform in the BTCFi field, Avalon Labs' total value locked (TVL) has exceeded 2 billion dollars. The company successfully completed a 10 million dollar Series A financing round in December this year, led by Framework Ventures.