According to PANews, Merlin Chain's first lending protocol, Avalon Finance, has blazoned the completion of a$1.5 million seed backing round. Notable actors in the round included SNZ Capital, Summer Capital, Matrixport Venture, Spark Digital Capital, and Web3Port Foundation.
Avalon Finance is a one- stop DeFi innovative lending protocol grounded on the BTC ecosystem, devoted to furnishing druggies with diversified fiscal services, including lending, algorithmic stablecoins, RWA, and secondary trading. As a crucial element of the BTC ecosystem, Avalon Finance aims to laboriously introduce liquidity from the traditional fiscal world to support the development of the BTC DeFi ecosystem. The finances raised in this round will be used to drive technological invention in the design.
Avalon Finance is a one- stop DeFi innovative lending protocol grounded on the BTC ecosystem, devoted to furnishing druggies with diversified fiscal services, including lending, algorithmic stablecoins, RWA, and secondary trading. As a crucial element of the BTC ecosystem, Avalon Finance aims to laboriously introduce liquidity from the traditional fiscal world to support the development of the BTC DeFi ecosystem. The finances raised in this round will be used to drive technological invention in the design.