Avalon Token (AVL) Debuts on Bybit with Exclusive APR Rewards

APRs of up to 50% are available during a structured staking period, and a total of around 10,000 USDT worth of AVL tokens has been allocated.
Through Bybit Earns Fixed Savings plan, this partnership offers an incentive-based savings mechanism.
Bybit has shown its dedication to increasing the accessibility of cutting-edge digital assets by being the first exchange to list AVL.

Avalon Labs and Bybit, the second-largest cryptocurrency exchange in the world based on trading volume, have teamed together to announce the exclusive launch of Avalon Token (AVL) on Bybit Spot. Through Bybit Earns Fixed Savings plan, this partnership offers an incentive-based savings mechanism that aims to increase involvement within the Avalon ecosystem. APRs of up to 50% are available during a structured staking period, and a total of around 10,000 USDT worth of AVL tokens has been allocated to reward qualified participants.

The biggest issuer of stablecoins backed by Bitcoin in the world is Avalon Labs. Building the best on-chain financial center for Bitcoin, providing a smooth ecosystem with a credit card, yield-generating accounts, BTC-backed lending, and a stablecoin backed by Bitcoin. Avalon Labs governance token is called Avalon Token (AVL). In addition to governance, AVL encourages USDas incorporation into the larger DeFi ecosystem, which promotes adoption and raises sUSDa yields. Staking AVL unlocks idle Bitcoin liquidity by drastically lowering borrowing rates for USDa in its lending offering. In order to further maximize capital efficiency, AVL holders have the ability to vote on AVL emission processes, creating a Bribe market.

One billion AVL tokens make up the entire supply, which is essential to the platforms functionality and governance structure. From February 12 to March 12, 2025, AVL holders may take advantage of exclusive earning possibilities during this event. Bybit Spot trading offers AVL, while Bybit Convert facilitates conversions. Plans for fixed savings are set up for a 7-day period at 25% annual percentage rate and a 15-day term at 50% APR. Throughout the event duration, rewards are given out every day on a first-come, first-served basis.

Joan Han, Sales & Marketing Director at Bybit stated:

Bybit is committed to bringing high-potential digital assets to our users, and AVL is a prime example of innovation by the largest issuer of Bitcoin-backed stablecoins. With the exclusive launch of AVL and its integration into Bybit Earn, were excited to provide our community with unique opportunities to maximize their crypto holdings.

Bybit has shown its dedication to increasing the accessibility of cutting-edge digital assets by being the first exchange to list AVL. Bybit has emerged as a major force in cryptocurrency trading since its founding in 2018 by offering access to spot and derivatives markets, earning options, and cutting-edge trading tools. Bybit, which is well-known for its robust security framework and user-friendly interface, keeps pushing the boundaries of digital asset development.

In addition to concentrating on the lending market, Avalon Labs offers users improved liquidity and capital efficiency through the introduction of innovative synthetic dollar protocols like USDa. Avalon offers a more adaptable and effective DeFi experience by skillfully combining the two benefits of lending and synthetic assets.

Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M

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