Bitcoin-focused lending platform, Avalon Labs, is now live on Rootstock, one of the most secure Bitcoin DeFi layers used by both institutional and retail users. This integration supports lending mechanisms using Bitcoin as collateral and is poised to accelerate the growth of the Bitcoin ecosystem’s onchain capital markets.
Avalon Labs’ launch on Rootstock expands BTC-focused DeFi, or BTCFi, optionality by providing access to Bitcoin-collateralized lending services for a range of digital assets that includes Rootstock’s rBTC, RIF and USDRIF, USDT0 and USDC.e, as well as Avalon’s Bitcoin-backed stablecoin, USDa, which is offered at a fixed rate. Other assets in the integration include Solv Protocol’s SolvBTC, XSolvBTC as well as WETH, BPRO and UniBTC.
In a statement, RootstockLabs’ chief growth officer, Ben Sanders, explained how the Avalon integration expands the possibilities for scaling BTCFi with collateral that maintains price exposure to Bitcoin without compromising on decentralization and security.
“The integration with Avalon strengthens Rootstock’s role as the leading and most comprehensive DeFi platform for Bitcoin, offering even more key BTCFi functionality and BTC opportunities.,” said Sanders. “Combined with Avalon’s technology and products, we’re accelerating Bitcoin-based onchain markets and demand.”
Avalon Labs joins a growing number of tier-one protocols choosing to integrate on Rootstock, including LayerZero, USDT0, Solv Protocol and Midas, all of which recently added support for the network. This comes as Rootstock has hit all-time highs in terms of TVL and the number of global users interacting with applications that use the network.
“This is a partnership between two BTCFi powerhouses and signals a leap forward for scaling all sorts of useful applications that use Bitcoin,” said Jason Twu, Head of Ecosystem of Avalon. “We’re both laser-focused on this shared vision of providing industry-leading financial products not just for retail users but also the growing number of institutional-size actors that desire to do more with their Bitcoin.”
Avalon Labs, a Bitcoin-focused lending platform, brings additional DeFi capabilities to Rootstock users through its integration. The launch adds new primitives that foster access to decentralized financial applications without ever leaving the Bitcoin ecosystem.
With this foundation in place, Avalon Labs’ launch on Rootstock taps into a growing BTCFi ecosystem while aligning with one of the space’s most secure Bitcoin Layer 2 platforms, extending its reach to Bitcoin-native users, developers and institutions.
About Rootstock
Rootstock is the DeFi Layer of Bitcoin. With 100 percent uptime since launching in 2018, Rootstock combines the programmability of Ethereum with the store of value and decentralization of Bitcoin. Rootstock is secured by over 80 percent of the hash power of Bitcoin through a consensus mechanism known as Merge Mined Proof-Of-Work. Rootstock uses the Solidity programming language and is fully EVM-compatible. This means anything you can build on any other EVM chain can also be deployed on Bitcoin using Rootstock without any additional tools. More than 200 dApps have been deployed on Rootstock, including Sushiswap, Layerzero, Oku and Money on Chain. The network currently secures over $269 million in TVL and continues to serve a growing ecosystem of developers, users, and protocols building DeFi infrastructure on Bitcoin.
To learn more, go to: https://rootstock.io/
About Avalon Labs
Avalon Labs is building the premier on-chain financial center for Bitcoin, aimed at revolutionizing the way Bitcoin interacts with global markets. Our mission is to provide a seamless ecosystem that bridges the gap between decentralized finance (DeFi) and traditional financial services. The platform offers a wide range of innovative solutions, including BTC-backed lending, a Bitcoin-backed stablecoin, yield-generating accounts, and even a credit card. Our goal is to create a scalable, transparent, and accessible financial network that empowers Bitcoin holders and enables the use of Bitcoin as a dynamic economic asset.
To learn more, go to: https://www.avalonfinance.