According to Foresight News, Bitcoin lending protocol Avalon Finance has launched its first CeDeFi lending product and provides users with an 8% stablecoin loan interest rate. Avalon provides users with institutional-level large-capacity stablecoin loan services through cooperation with institutions. At the same time, Avalon announced that it officially supports FBTC as a CeDeFi collateral asset.
FBTC is pegged to BTC at a 1:1 ratio and is a multi-chain deployed BTC conversion version. FBTC can be used as a collateral asset for stablecoin lending, or as a BTC interest-bearing asset. Currently, its security committee members include Ethereum's second-layer public chain Mantle, Antalpha Prime, and Cobo Wallet.