CZ’s YZi Labs Ignites Avalon, Bitcoin DeFi’s $500M Ecosystem
In a bold bet on Bitcoin’s DeFi future, Changpeng Zhao (CZ)–backed YZi Labs—formerly Binance Labs—has made an undisclosed investment in Avalon Labs, a fast-rising platform building on-chain capital markets powered by BTC. In an X post on May 26, the firm said the project is building financial infrastructure around BTC-collateralized lending, stablecoin USDa, savings products, […]
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