Bybit integrates Avalon through CeFi to DeFi bridge for Bitcoin yield
Bybit exchange has integrated Avalon Labs’ CeDeFi protocol into its Earn platform, enabling users to earn Bitcoin yield through fixed-rate institutional lending and DeFi strategies.
Crypto exchange Bybit has partnered with lending protocol Avalon to offer Bitcoin yield to its users.
According to an April 14 Avalon Labs X announcement, the centralized decentralized finance (CeDeFi) protocol will now be a part of the exchange’s yield product, Bybit Earn. Avalon said it will allow the platform’s users to earn yield from Bitcoin (BTC) by arbitrating on its fixed-rate institutional borrowing layer.
Source: Avalon Labs