Avalon Recently launched staking for its AVL token with 200% APY while also providing transaction fee discounts and reduced borrowing costs for $USDa https://x.com/avalonfinance_/status/1905456542784323777 TLDR on Avalon: Created $USDa, the largest BTC-backed stablecoin now at ~480M TVL Currently the second largest CDP stablecoin, only behind MakerDAO's ( @SkyEcosystem) DAI/USDS Enables you to borrow against your BTC at a fixed rate of 8% per year Not having to pay taxes on borrowed funds = appealing for large institutional players Secured a 2B+ credit facility and partnered with BlackRock’s BUIDL fund Currently less than 1% of BTC liquidity is being used in Defi utilization Avalon is looking to change that