The post Avalon Token (AVL) Debuts on Bybit with Exclusive APR Rewards appeared on BitcoinEthereumNews.com.

APRs of up to 50% are available during a structured staking period, and a total of around 10,000 USDT worth of AVL tokens has been allocated. Through Bybit Earn’s Fixed Savings plan, this partnership offers an incentive-based savings mechanism. Bybit has shown its dedication to increasing the accessibility of cutting-edge digital assets by being the first exchange to list AVL. Avalon Labs and Bybit, the second-largest cryptocurrency exchange in the world based on trading volume, have teamed together to announce the exclusive launch of Avalon Token (AVL) on Bybit Spot. Through Bybit Earn’s Fixed Savings plan, this partnership offers an incentive-based savings mechanism that aims to increase involvement within the Avalon ecosystem. APRs of up to 50% are available during a structured staking period, and a total of around 10,000 USDT worth of AVL tokens has been allocated to reward qualified participants. The biggest issuer of stablecoins backed by Bitcoin in the world is Avalon Labs. Building the best on-chain financial center for Bitcoin, providing a smooth ecosystem with a credit card, yield-generating accounts, BTC-backed lending, and a stablecoin backed by Bitcoin. Avalon Labs’ governance token is called Avalon Token (AVL). In addition to governance, AVL encourages USDa’s incorporation into the larger DeFi ecosystem, which promotes adoption and raises sUSDa yields. Staking AVL unlocks idle Bitcoin liquidity by drastically lowering borrowing rates for USDa in its lending offering. In order to further maximize capital efficiency, AVL holders have the ability to vote on AVL emission processes, creating a Bribe market. One billion AVL tokens make up the entire supply, which is essential to the platform’s functionality and governance structure. From February 12 to March 12, 2025, AVL holders may take advantage of exclusive earning possibilities during this event. Bybit Spot trading offers AVL, while Bybit Convert facilitates conversions. Plans for fixed savings…

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Filed under: News - @ February 16, 2025 10:13 pm