Bybit exchange has integrated Avalon Labs’ CeDeFi protocol into its Earn platform, enabling users to earn Bitcoin yield through fixed-rate institutional lending and DeFi strategies.
Crypto exchange Bybit has partnered with lending protocol Avalon to offer Bitcoin yield to its users.
According to an April 14 Avalon Labs X announcement, the centralized decentralized finance (CeDeFi) protocol will now be a part of the exchange’s yield product, Bybit Earn. Avalon said it will allow the platform’s users to earn yield from Bitcoin (BTC) by arbitrating on its fixed-rate institutional borrowing layer.
Source: Avalon Labs
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