About Avalon

Avalon Labs is developing an on-chain financial ecosystem centered around Bitcoin, aiming to provide a comprehensive suite of services that includes BTC-backed lending, a Bitcoin-backed stablecoin, yield-generating accounts, and a credit card solution. The initiative seeks to establish a scalable and transparent financial network that enhances the utility of Bitcoin, positioning it as a versatile economic asset. By integrating various financial products, Avalon Labs aims to empower Bitcoin holders and facilitate broader access to innovative financial tools. The governance token, AVL, plays a crucial role within the Avalon Labs ecosystem, enabling community involvement in decision-making processes. Avalon Labs has evolved from being the largest issuer of Bitcoin-backed collateralized debt positions (CDPs) to a leader in Bitcoin-centric finance, continuously adapting its offerings based on community feedback. This includes the expansion into decentralized finance (DeFi) lending and fixed-rate models in centralized finance (CeDeFi), culminating in the recent introduction of stablecoins. The launch of AVL marks a significant step towards enhancing community-driven governance, allowing users to influence the direction and development of the Avalon ecosystem.