Merlin Chain ecological lending protocol Avalon Finance completes $1.5 million seed round financing

ChainCatcher news, the Merlin Chain ecological lending protocol Avalon Finance announced the completion of a $1.5 million seed round financing, with participation from SNZ Capital, Summer Capital, Matrixport Ventures, Spark Digital Capital, and Web3Port Foundation. The funds from this round will be used for platform development and technological innovation.

It is reported that Avalon Finance is a one-stop DeFi lending protocol based on the Bitcoin ecosystem, providing services such as lending, algorithmic stablecoins, RWA, and derivatives trading. Avalon Finance will introduce on-chain and off-chain liquidity to help the development of the Bitcoin DeFi ecosystem.