Merlin Chain's first lending protocol, Avalon Finance, announced the completion of a $1.5 million seed round, with participation from notable institutions including SNZ Capital, Summer Capital, Matrixport Venture, Spark Digital Capital, and Web3Port Foundation.
Avalon Finance is an innovative DeFi lending protocol based on the BTC ecosystem, aiming to provide users with diverse financial services including lending, algorithmic stablecoins, RWA, and derivative trading. As a crucial component of the BTC ecosystem, Avalon Finance will actively introduce liquidity from the traditional financial world, contributing to the development of the BTC DeFi ecosystem.

#BTC #defi