Avalon Labs raises $10M in a Series A funding round

#AvalonLabs secures $10M in a Series A funding round led by Framework Ventures, with participation from Kenetic Capital, UTXO Management, SNZ Holding, Antalpha Global, Summer Ventures, Comma3 Ventures, GeekCartel, Presto Labs, MARBLEX, Trinito, Taiko and others.

Avalon Labs is a decentralized finance platform focused on providing lending solutions across multiple blockchain ecosystems. Its core offering is a decentralized lending protocol, which uses an isolated lending pool mechanism to manage risk more effectively by segmenting collateral into different risk categories.

👉 x.com/avalonfinance_/status/1871201621193158903

#ChristmasMarketAnalysis

Avalon Labs just raised $10 million to develop a Bitcoin-backed stablecoin! 🔥 It's not just about storing BTC, it's about unlocking new potential in the DeFi world! 💡

Just imagine, you can collateralize BTC to get a fixed loan interest rate of 8%! 🏦 Meanwhile, its TVL has reached $700 million! Is this a sign that BTC is becoming more of a financial instrument than just a 'store of value'? 🤔

What do you think? Will 2024 be the year Bitcoin plunges into the DeFi world? Drop your thoughts in the comments! 👇

#AvalonLabs #Stablecoin #CryptoNews
$BTC