Crypto exchange Bybit has partnered with lending protocol Avalon to offer Bitcoin yield to its users. According to an April 14 X Avalon Labs announcement, the centralized decentralized finance (CeDeFi) protocol will now be a part of the exchange’s yield product, Bybit Earn. Avalon explains that it will allow the platform’s users to earn yield off of Bitcoin (BTC) by arbitrating on its fixed-rate institutional borrowing layer
source: https://cointelegraph.com/news/by-bit-integrates-avalon-through-ce-fi-to-de-fi-bridge-for-bitcoin-yield?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound