
Insightful|Mar 07, 2025 23:37
Alts and Majors are still bleeding across the board despite strategic reserve announcements
Yet AVL is up over 70% this week and is the top gainer of the day
So WTF is going on over at @avalonfinance_ ?
TLDR - They have developed the leading Bitcoinbacked CDP stablecoin $USDa with 450M in TVL
Staking AVL reduces USDa borrowing costs and influences AVL emissions through voting /bribing power (similar to the classic @CurveFinance veCRV model)
First fully regulated BTC public debt fund is also upcoming...
In terms of what you can do right now Avalon is on @SonicLabs where you can earn Activity points for lending and borrowing USDa
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