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 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: Avalon Labs
