From Cointelegraph
April 14, 2025 08:29:00 AM:

Crypto exchange Bybit partners with lending protocol Avalon to offer Bitcoin yield to users. Avalon raised $2 billion credit for institutional Bitcoin-backed lending. Avalon considers issuing a Bitcoin-backed public debt fund. Bybit Earn integrates with Avalon Labs’ CeDeFi protocol using FBTC tokens. Avalon bridges FBTC to high-yield strategies, providing stable returns. Ethena Labs raised $100 million to launch a token for traditional finance. Ethena also plans to roll out iUSDe for regulated financial institutions. Bybit did not respond to inquiries.

Read more at Cointelegraph: Bybit integrates Avalon through CeFi to DeFi bridge for Bitcoin yield