Decentralized lending protocol Avalon Labs launches on-chain CeDeFi lending platform
ChainCatcher news, the decentralized lending protocol Avalon Labs has launched an on-chain CeDeFi lending platform, offering stablecoin supply at a fixed interest rate of 8%. The platform allows borrowers to repay loans at any time without penalties.
According to RootData, Avalon Finance is a decentralized lending protocol based on the Merlin Chain. It consists of three key components: over-collateralized lending, derivatives trading related to lending, and algorithmic stablecoins based on lending.
Related tags
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Related tags
Mention the project
