Avalon Labs Launches on Bitcoin Layer 2 Rootstock

Bitcoin lending market Avalon Labs is now live on Rootstock, the fourth largest Bitcoin sidechain by total value locked (TVL), according to a press release viewed by The Defiant.

The integration will see Avalon expand to Rootstock, and compete to be the chain’s largest lending market by providing access to Bitcoin-collateralized lending for digital assets such as Rootstock’s RBTC and RIF, as well as stablecoins like USDC. E and Tether’s cross-chain stablecoin protocol USDT0.

Avalon is the latest major integration for Rootstock, which already boasts support for USDT0, LayerZero, and Solv Protocol. These additions to Rootstock are meant to boost the chain’s capabilities as a leader in Bitcoin DeFi, also known as BTCFi, and are intended to help the network continue to scale to new highs.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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