⭐️What is AVL token? Bitcoin Avalon Financial Center
🔓Avalon is a product from Avalon Labs, building a leading on-chain financial center for Bitcoin, aiming to revolutionize how Bitcoin interacts with global markets.
🎮Avalon is establishing itself as the leading on-chain financial center for Bitcoin with impressive milestones. The total value locked (TVL) of the project exceeds 2 billion USD, a clear testament to the reliability and attractiveness of the ecosystem.
💲AVL token information
💥Token name: Avalon
💥Symbol: AVL
💥Total supply: 1 billion AVL
🛑Allocation
📆Community incentives: 30%
📆Airdrop: 20%
📆Ecosystem and Treasury: 16%
📆Team: 10%
📆Advisors: 4%
📆Initial liquidity: 2%
📆Investors: 18%
⬆️Utility of AVL token
✍️Voting rights and participation in governance
✍️Various benefits within the Avalon ecosystem such as reduced transaction fees, access to AVL Lend, receiving special rewards, and many other benefits.
📣Core components of Avalo
↗️USDa is the first stablecoin backed by Bitcoin, providing yield through a collateralized debt position (CDP) model.
↗️USDaLend is a lending protocol using USDa, offering a simple and efficient way to borrow and lend stablecoins collateralized by Bitcoin.
↗️Avalon's DeFi Lending is a decentralized lending protocol with an isolated pool mechanism, supporting Bitcoin Liquid Staking Derivatives (LSDFi), ensuring a safe and efficient borrowing and lending environment.