Matrixdock has partnered with Avalon Finance to launch the gold token XAUm for over-collateralized lending on Avalon Finance

2024-11-27 15:06:54
Collection

ChainCatcher news, Matrixdock, a leading RWA tokenization platform under Matrixport, announced a partnership with Avalon Finance, making its gold token XAUm the first RWA token supported for collateralized lending by Avalon Finance. XAUm holders can stake XAUm on the Avalon Finance platform on the BNB chain to borrow USDT or USDC, with a collateralization ratio of 70%.

Avalon Labs is building a premier on-chain financial center for the Bitcoin ecosystem, offering a seamless ecosystem that includes lending services backed by BTC, Bitcoin-supported stablecoins, yield-generating accounts, and diversified products such as credit cards.

Matrixdock will continue to explore collaborations with industry ecosystem projects to create more application scenarios for its high-quality DeFi collateral asset XAUm, helping investors achieve higher capital utilization.

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.
ChainCatcher Building the Web3 world with innovators