Avalon Labs launches USDA: New CeDeFi Stablecoin

kyraymege · 2024-12-18T21:26:22Z

Avalon Labs is changing the way we look at stablecoins with the launch of USDa, a BTC-backed stablecoin. This new feature bridges centralized finance (CeFi) and decentralized finance (DeFi), offering users a secure way to unlock the value of their Bitcoin holdings without selling them.

With USDa, Avalon Labs is not only introducing a stablecoin but also redefining stability, liquidity, and scalability in the world of digital assets.

What makes USDa different?

Avalon Labs's USDa brings unique features that solve key challenges for users in the financial space. Here's what sets it apart:

Guaranteed stability: USDa always maintains a 1:1 conversion rate with USDT, ensuring that users avoid risks such as de-pegging.

Unlimited supply: Users can mint as much USDa as they need, providing a flexible solution for growing demand.

Advanced Liquidation Tools: Avalon's platform uses high-frequency trading algorithms to manage liquidations efficiently, reducing slippage and keeping the market stable.

Cross-chain compatibility: USDa operates on multiple blockchain ecosystems thanks to LayerZero technology, making it easy to use across platforms.

These features demonstrate how Avalon Labs is creating a more reliable and accessible solution for both experienced investors and those new to DeFi.

How USDa Works

Getting started with USDa is simple and user-friendly. Avalon Labs provides two main Getting started with USDa is simple and easy. Avalon Labs offers two main methods of minting this stablecoin:

Minting with collateral: Deposit Bitcoin or equivalent assets such as FBTC on the Avalon platform. You can then borrow USDa based on the Loan-to-Value (LTV) ratio set by the system.

Mint with USDT: If you have USDT, you can exchange it for USDa at a 1:1 ratio. This process provides a quick and easy way to access USDa.

These options make USDa accessible for different user preferences and needs.

Why USDa is Important

Avalon Labs created USDa to solve common problems in DeFi. It provides liquidity without requiring users to sell their Bitcoin, preserving long-term value. With no supply caps, cross-chain capabilities and efficient liquidation tools, USDa supports a stable and scalable financial system.

Avalon Labs describes USDa as "a vision of the future of finance - decentralized, secure, and accessible to all".

Learn more by reading this tweet and visiting the Avalon documentation.

🧵 Welcome to the release of $USDa Edition #1

Upgrade your Savings. Upgrade your ₿TC backed stables. Upgrade to $USDa. Here's are the latest stats:$USDa TVL: $747m$sUSDa rewards paid out: ~ over $5,000,000$USDa Users: 20,000

What are you holding in your wallet? 🫵

Digest… pic.twitter.com/bz5FxIRuJ4
— Avalon Labs 🎩🔮 (@avalonfinance_) December 7, 2024

The Big Rise of the USDa

Shortly after the launch USDa, moved up to 2nd place on the DeFi Lama’s leaderboard. Total TVL is $505,31m right now. As highlighted in the tweet “Avalon's $USDa future is brighter than ever. If you don't have it in your wallet, you aren't paying attention.” , you can get $USDa’s from ****https://usda.avalonfinance.xyz/swap/ platform.

🗞️In other news: fending nicely at #2, we have Avalon $USDa!

We be moving up another level on the leaderboard 🔓, 'this is the season to buildin 🎅

Avalon's $USDa future is brighter than ever. If you don't have it in your wallet, you aren't paying attention. pic.twitter.com/aEKZJq3hrz
— Avalon Labs 🎩🔮 (@avalonfinance_) December 12, 2024

Celebrate DeFi Christmas & Happy New Year with Avalon Labs

There's no better way to spread Christmas cheer than by sharing it with all of our friends! This December, at Avalonmas, we're spreading the holiday spirit with a Merry Christmas present — where all users can earn Avalon Points and $USDa rewards, plus share another bonus worth $5,000 in the $USDa Mystery Box!

🎁 Campaign Period: 15 Dec-25 Dec 🎁

Here's how it works:

Just swap at least $1 in $USDT to $USDa daily to enter a raffle for holiday-themed prizes, including Avalon Points and USDa rewards!

Keep your $USDa safe in your wallet for 10 days, until 5 January 2025 at 23:59:59 (UTC). You'll have the chance to share 5,000 $USDa as part of an amazing rewards pool!

The more you swap, the more you'll get! Swap 1–10 $USDa and get ready to be rewarded! We've got some great news for you! You can now earn 1,000 Avalon Points just by swapping 10–50 $USDa. And if you go over 50 $USDa, you'll earn an extra 2,000 Avalon Points! But wait, there's more! If you go over 50 $USDa, you'll earn a whopping 3,000 Avalon Points!

1st Tier: 3 lucky winners will receive 200 USDa each! 2nd Tier: 5 winners will receive 100 USDa each! 3rd Tier: Everyone gets $5 USDa!

Terms and Conditions:

Get ready for some amazing Avalon Points, just for swapping!
Keep the $USDa for 10 days and share the Big Mystery Box with your friends!
The Snapshot is on 5 January 2025 at 12 AM UTC – don't miss out!

Its DeFi Christmas comin' thru, cuffin' season with Avalon Labs!

🎁Starting on December 15th at 12:00 AM UTC and continuing for the next 10 days leading up to Christmas Day on December 25th at 12:00 AM UTC, we will embark on a nostalgic journey filled with spontaneous… pic.twitter.com/qyrnrCb5e5
— Avalon Labs 🎩🔮 (@avalonfinance_) December 14, 2024

Why choose Avalon Labs?

Avalon Labs is leading innovation by combining the best features of CeFi and DeFi. USDa isn't just a stablecoin - it's a tool for greater financial freedom. It's easy to use, secure and available on multiple blockchains.

If you're ready to explore what USDa can do, visit Avalon Labs's USDaLend platform.

https://youtu.be/yz35S6tsybM

FAQs

What is USDa? USDa is a BTC-backed stablecoin created by Avalon Labs. It maintains a 1:1 peg with USDT and offers stability and scalability.
How can I mint USDa? You can mint USDa by depositing Bitcoin or USDT on Avalon’s platform. The process is fast and simple.
Is USDa safe? Yes, USDa is audited by trusted firms like BlockSec and Salus. These audits ensure the security and reliability of the platform.
Can I use USDa on different blockchains? Absolutely! USDa is compatible with multiple DeFi ecosystems, thanks to its LayerZero-powered omnichain technology.
What happens if my Loan-to-Value (LTV) ratio is too high? If your LTV ratio exceeds safe limits, the system automatically liquidates part of your collateral to restore balance and reduce risks.
Why should I use USDa instead of other stablecoins? USDa offers unique benefits like unlimited supply, cross-chain compatibility, and stable borrowing costs. It’s designed for users who want a reliable and innovative financial tool.