According to Foresight News, Avalon Finance, a Bitcoin ecosystem lending protocol, has been officially deployed on the Bitlayer public chain. It now supports a variety of Bitlayer's native assets, including the stablecoin bitUSD issued by Bitsmiley.
Avalon Finance is a lending protocol on the Merlin Chain, and its Total Value Locked (TVL) has already surpassed $200 million. This development marks a significant step in the expansion of Avalon Finance, as it continues to integrate with various blockchain platforms to increase its reach and influence within the cryptocurrency market.
The support for various Bitlayer native assets, including bitUSD, provides users with more options for transactions and investments. This move is expected to enhance the liquidity and stability of these assets in the market. The deployment of Avalon Finance on the Bitlayer public chain also signifies the growing adoption of lending protocols in the Bitcoin ecosystem.
