Avalon Labs launched bitcoin institutional lending to inject liquidity into institutional funds

On April 10, Avalon Labs announced that it has officially launched an institutional-grade bitcoin over-collateralized lending product to provide institutional bitcoin holders with safe, transparent and efficient on-chain lending services. The product uses an over-collateralized mechanism to support the use of BTC as collateral assets, and institutional users can use a stable annual interest rate for borrowing, and have the flexibility to choose an open lending term.