Avalon Labs launches its BTC Lending Market on Pharos with FunctionBTC, and the USDC lending pool is live, introducing a lending use case for the network.The launch gives Pharos a live BTC-finance application backed by Avalon Labs, which reports substantial prior lending activity. The available poo…
- Avalon Labs has launched a BTC Lending Market on the Pharos network, integrating FunctionBTC and a USDC lending pool.
- This launch introduces a real-world finance (RealFi) use case, aiming to put the $2T+ Bitcoin asset class to work.
- While the market is live, the direct connection to the network's native token (PROS) and specific scale metrics are not yet established.
Topics: Integration with defi, Asset types, Blockchain usage, Rwa collateral lending, Stablecoins digital cash, Ethereum evm l 1 s
Tags: #pharos #btclendingmarket #avalonlabs #functionbtc #usdc #realfi #bitcoin #lending #defi
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