BlockBeats News: On April 10, Avalon Labs launched a groundbreaking over-collateralized Bitcoin lending product aimed at institutions, providing Bitcoin holders with a brand-new on-chain lending option. This product is not only secure and transparent but also efficiently meets the needs of institutional users, truly impressive! ✨

Avalon Labs' product employs an over-collateralization mechanism that allows users to use BTC as collateral for lending. It is worth mentioning that users can enjoy a stable annual interest rate for loans, and also flexibly choose the duration of open-ended loans. This flexibility undoubtedly offers institutional users more options and convenience. Currently, Avalon Labs has partnered with several well-known institutions in the industry, and the first group of partners is about to go live, which is exciting.

In the future, Avalon Labs plans to further open customized lending models to meet the risk management and asset allocation needs of institutions of different sizes. This means that whether it is a large institution or a small to medium-sized enterprise, they can find a suitable lending solution on this platform.

As the world's largest Bitcoin stablecoin issuance platform, Avalon Labs' ecosystem products cover multiple fields including stablecoins, lending protocols, and credit payments. The launch of this institutional lending product marks an important step for Avalon Labs in building a financial center on the Bitcoin blockchain.

What are your thoughts on such an innovative product? Feel free to share your views in the comments section and discuss this exciting industry development with us!