26 May 202514:45
Project update

YZi Labs has invested in Avalon Labs, a Bitcoin-based on-chain capital markets platform
Avalon transforms Bitcoin into a dynamic asset with BTC-collateralized lending, USDa stablecoin, yield-generating savings accounts, and credit card services.
With over $500 million TVL, 20K BTC serviced, and 300K users, Avalon’s flagship product - USDa is now DeFiLlama’s second-largest CDP.
Source