CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Moralis Money
CoinTelegraph 2025-04-14 12:29:00

Bybit integrates Avalon through CeFi to DeFi bridge for Bitcoin yield

Crypto exchange Bybit has partnered with lending protocol Avalon to offer Bitcoin yield to its users. According to an April 14 X Avalon Labs announcement , the centralized decentralized finance ( CeDeFi) protocol will now be a part of the exchange’s yield product, Bybit Earn. Avalon explains that it will allow the platform’s users to earn yield off of Bitcoin ( BTC ) by arbitrating on its fixed-rate institutional borrowing layer. Source: Avalon Labs Avalon Labs announced in March that it raised a minimum of $2 billion worth of credit with possible scaling as the need arises. The product in question allows institutional borrowers to access USDt ( USDT ) liquidity without liquidating their Bitcoin holdings at a fixed 8% borrowing cost. In February, Avalon Labs also announced that it is considering issuing a Bitcoin-backed debt-focused public fund . Venus Li, co-founder of Avalon Labs, said at the time that the fund could be issued by leveraging a Regulation A US securities exception: “We have spent years researching how Regulation A has been applied in traditional finance and whether it could be a viable path for crypto companies. While successful precedents in the crypto industry are limited, our analysis of previous SEC-approved cases suggests a viable path forward.” Related: Bitcoin yield opportunities are booming — Here’s what to watch for Centralized and decentralized finance unite Avalon Labs’ product is a CeDeFi protocol, somewhere between decentralized finance (DeFi) and centralized finance (CeFi). This category of products — with their increased control over capital flows and access — often has some advantages in meeting the regulatory requirements for integrating with CeFi platforms. The Bybit Earn integration leverages Avalon Labs’ 1:1 Bitcoin-pegged token FBTC, developed by DeFi protocol Mantle and Bitcoin-centric crypto developer Antalpha Prime. These tokens are then bridged onto Ethereum and other blockchains. Related: Ethena Labs, Securitize launch blockchain for DeFi and tokenized assets A multi-protocol system Avalon Labs’ platform accepts FBTC as collateral and lends it at fixed rates. The borrowed USDt stablecoin is then deployed to high-yield strategies through the Ethena Labs synthetic dollar protocol. The assets employed in those strategies include Ethena USD (USDe) and Ethena Staked USD (sUSDE). The announcement claims: “Returns are stable, secure, and passed back to Bybit Earn users—making Bitcoin a productive asset while maintaining simplicity and risk control.“ In other words, Avalon Labs serves as a bridge between Bybit and the yield-earning potential of Ethena Labs’ protocol. Avalon Labs describes this as a “CeFi to DeFi” bridge. The news follows Ethena raising $100 million in late February to deploy a new blockchain and launch a token focused on traditional finance . In January, Ethena also announced plans to roll out iUSDe , a product identical to USDe but designed for regulated financial institutions. Bybit did not respond to Cointelegraph’s inquiries by publication. Magazine: The real risks to Ethena’s stablecoin model (are not the ones you think)

https://www.digistore24.com/redir/325658/ceobig/
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta