Avalon Labs wins BNB incubation alliance and announces brand upgrade

BlockBeats reported that on August 19, Avalon Labs (formerly Avalon Finance), a well-known lending protocol in the Bitcoin ecosystem, tied for first place with Bedrock in the second round of the BNB Incubation Alliance in Nashville, and will enter the MVB program.

At the same time, Avalon Labs announced the completion of its brand upgrade, focusing on the two business segments of CeDeFi and DeFi lending around Bitcoin, and will promote its lending stablecoin. The upgrade aims to serve both retail and institutional users, and is committed to establishing a more complete on-chain lending system and setting industry standards.

This move by Avalon Labs marks its further deepening of development in blockchain technology and financial services, and highlights its leading position in promoting global decentralized financial innovation.