Merlin Chain ecological lending protocol Avalon Finance completes US$1.5 million in seed round financing

Merlin Chain's ecological lending protocol Avalon Finance announced the completion of a $1.5 million seed round of financing, including SNZ Capital, Summer Capital, Matrixport Ventures, Spark Digital Capital, and Web3Port Foundation. The funds raised in this round will be used for platform construction and technological innovation. It is reported that Avalon Finance is a one-stop DeFi lending protocol based on the Bitcoin ecosystem, providing services such as lending, algorithmic stablecoins, RWA, and derivative trading. Avalon Finance will introduce on-chain and off-chain liquidity to help the Bitcoin DeFi ecosystem develop.