The post Avalon Labs CeDeFi Lending Reaches Over 30M in Bitcoin-Backed Loans in Just 2 Days appeared on BitcoinEthereumNews.com.

Avalon Labs has launched the first-ever on-chain CeDeFi lending platform, surpassing $30M in Bitcoin-backed loans within just two days. The platform provides unlimited stablecoin supply at a fixed 8% interest rate, setting a new benchmark for both retail and institutional lending. Avalon Labs’ CeDeFi (Centralized-Decentralized Finance) Lending Platform integrates the traditional finance with the transparency of blockchain technology. This new platform, catering to both institutional and retail users, provides competitive fixed rates, flexible repayment options, and top-tier security in a transparent, on-chain environment. 👀 Did you know? In 72 hours….@avalonfinance_ launches its first ever CeDeFi lending and we broke records! Not just 10m, 20m but 30m, that’s some real proof of work baked into our new vertical. pic.twitter.com/sKDn2IQ7uF — Avalon Labs (Previously Avalon Finance) (@avalonfinance_) August 25, 2024 Key Features and Industry Impact The launch of Avalon Labs’ CeDeFi Lending Platform represents a major step in the evolution of on-chain lending services, addressing key challenges in decentralized lending, such as fluctuating interest rates and security concerns. Low, Fixed Borrowing Rates: A standout feature of the platform is its ability to offer low, fixed borrowing rates, making it attractive to institutional borrowers. This stability and predictability set it apart from other on-chain lending solutions often affected by volatility. Flexible Repayment Options: The platform allows borrowers to repay their loans at any time without penalties, providing crucial flexibility for large-scale borrowers who need to adapt their financial strategies quickly to changing market conditions. Institutional-Grade Security: Avalon Labs has integrated top-tier custodial services to securely manage collateral, offering peace of mind to BTC holders and minimizing the risks associated with on-chain lending. High-Frequency Liquidation Engine: In the event of liquidation, Avalon Labs’ high-frequency trading engine steps in to ensure minimal slippage and rapid execution, protecting both borrowers and lenders from unnecessary losses. Security…

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Filed under: News - @ August 28, 2024 8:19 am