Bybit Spot Exclusively Launches Avalon Token (AVL) With Up to 50% APR Fixed Savings Rewards

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has partnered with Avalon Labs to mark the exclusive launch of Avalon Token (AVL) on Bybit Spot.

Cryptocurrency exchange Bybit has announced the exclusive launch of Avalon Token (AVL) on Bybit Spot, kicking off a new partnership with Avalon Labs.

The collaboration will see an initiative to enhance engagement within the Avalon ecosystem by offering an incentive-based savings mechanism through Bybit Earn’s Fixed Savings plans. A total of approximately $10,000 USDT worth of AVL tokens has been allocated to reward eligible participants, with APRs of up to 50% available over a structured staking period.

Avalon Labs is the world’s largest issuer of Bitcoin-backed stablecoins. The platform builds the ultimate on-chain financial hub for Bitcoin, offering a comprehensive ecosystem that includes a Bitcoin-backed stablecoin, BTC-backed lending, yield-generating accounts, and a credit card.

The AVL token functions as the governance token of Avalon Labs. Beyond governance, AVL also serves to incentivize the integration of USDa into the broader DeFi ecosystem, driving adoption and potentially boosting sUSDa yields. Staking AVL also reduces borrowing rates for USDa in its lending product, unlocking idle BTC liquidity. Additionally, sAVL holders can vote on AVL emission mechanisms, including the construction of a Bribe Market to further optimize capital efficiency.

The total supply of AVL is 1 billion tokens, forming a core component of the platform’s utility and governance framework.

The event will run from Feb. 12 to Mar. 12, 2025, presenting an opportunity for AVL holders to access exclusive earning possibilities. AVL is available through Bybit Spot trading, and users can also enjoy convenient conversion support via Bybit Convert.

The Fixed Savings plans are structured for a 7-day term at 25% APR and a 15-day term at 50% APR. Rewards will be allocated on a first-come, first-served basis and will be distributed daily throughout the event period.

“Bybit is committed to bringing high-potential digital assets to our users, and AVL is a prime example of innovation by the largest issuer of Bitcoin-backed stablecoins,” said Joan Han, Sales & Marketing Director at Bybit. “With the exclusive launch of AVL and its integration into Bybit Earn, we’re excited to provide our community with unique opportunities to maximize their crypto holdings.”

Bybit is the first exchange to list AVL, further demonstrating its commitment to expanding the availability of innovative digital assets.

Since its establishment in 2018, Bybit has become a key player in the cryptocurrency trading landscape, offering traders access to spot and derivatives markets, earning solutions, and a range of advanced trading tools. Recognized for its strong security infrastructure and user-centric experience, Bybit continues to drive advancements within the digital asset space.

Avalon Labs not only focuses on the lending market but also introduces cutting-edge synthetic dollar protocols like USDa, offering users enhanced capital efficiency and liquidity. By seamlessly integrating the dual advantages of lending and synthetic assets, Avalon delivers a more flexible and efficient DeFi experience.

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About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

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