Category: DeFi & DApps

YZi Labs’ investment in Avalon Labs caused a 30% surge in AVL token price. Avalon has minted $613M in BTC-backed USDa stablecoins and aims to provide institutional-grade Bitcoin DeFi services.

Alpaca Finance, a DeFi platform, is shutting down all operations after four years following its delisting from Binance, marking the end of its services.

Arthur Hayes’ Maelstorm Fund has invested in decentralized exchange Hyperion, signaling strategic support for DEX innovation and growth in the crypto space.

YZi Labs invests in Avalon Labs to advance Bitcoin-powered finance, focusing on regulated on-chain Bitcoin financial services and Bitcoin-backed lending products like USDa stablecoin.

CZ-backed YZi Labs invests in Avalon Labs, a Bitcoin DeFi platform with $500M TVL, offering BTC-collateralized lending, stablecoin USDa, and credit services, aiming to scale globally with regulatory compliance.

Hyperdrive raised $6M in Series A funding to build a stablecoin money market on Hyperliquid blockchain. The protocol aims to provide yield for idle stablecoins, launching May 27 with USDe lending and borrowing against BTC, ETH, or HYPE.

Flipster launches APR Supercharge, offering up to 122% APR on USDT deposits from June 1-14, 2025. Combines deposit yields and trading incentives with no lock-up periods and daily USDT rewards.

Synthetix and Derive canceled a $27M token swap deal after community backlash over valuation and token dilution concerns. Both platforms will continue independently, focusing on their respective roadmaps.