Avalon Labs已在Bybit賺取的機構產量層，向Defi開放比特幣

Bybit Earn是Bybit提供的收益產品，Bybit是一種用於交易加密貨幣（例如比特幣）的集中式交易所（CEX）。 bybit賺取作為一種產品，更像是一個儲蓄帳戶，而不是固定收入產品

Avalon Labs has formally introduced the institutional yield layer on Bybit Earn, a new model for lending Bitcoin and generating yield that combines centralized finance (CeFi) efficiency with decentralized finance (DeFi) innovation.

阿瓦隆實驗室（Avalon Labs）正式引入了Bybit Eart的機構產量層，這是一種借用比特幣和產生產量的新模型，結合了集中式融資（CEFI）效率與分散融資（DEFI）創新。

This initiative centers on using Avalon’s fixed-rate institutional borrowing infrastructure and integrating FunctionBTC ($FBTC), a version of Bitcoin fully compatible with DeFi protocols and pegged to Bitcoin. This combination allows Bitcoin to become a productive, yield-generating asset without exposing users to the direct dynamics of DeFi, which can be both complex and volatile.

該計劃的重點是使用Avalon的固定利率機構借貸基礎架構和集成功能BTC（$ FBTC），該版本與Defi協議完全兼容，並將其固定在比特幣上。這種組合允許比特幣成為一種富有成效的產生產生的資產，而不會使用戶接觸到DEFI的直接動態，這既可以復雜又波動。

At the core of this system is $FBTC, a pegged Bitcoin asset that holds a 1:1 value with Bitcoin. Holding over $1.25 billion in terms of total value locked (TVL), $FBTC forms a solid bridge, bringing Bitcoin into DeFi across Ethereum and other compatible blockchains. It lets users access DeFi protocols and yield strategies while keeping the economic exposure of Bitcoin.

該系統的核心是$ FBTC，這是一種固定的比特幣資產，具有1：1的值。 $ FBTC持有超過12.5億美元的總價值鎖定（TVL），形成了一座堅固的橋樑，將比特幣帶入以太坊和其他兼容區塊鏈中。它使用戶可以訪問Defi協議並產生策略，同時保持比特幣的經濟風險。

In this innovative structure, Avalon serves as the intermediary that transforms passive Bitcoin into an active yield-generating instrument. It all starts with $FBTC deposited as collateral on Avalon’s institutional platform. Next, Avalon lends against the $FBTC at fixed interest rates. This setup offers predictability and transparency to both borrowers and lenders.

在這種創新的結構中，阿瓦隆（Avalon）充當中介，將被動比特幣轉化為主動產量產生的儀器。這一切都始於Avalon機構平台上的抵押品的$ FBTC。接下來，Avalon以固定利率向$ FBTC貸款。此設置為藉款人和貸方提供了可預測性和透明度。

The capital that is borrowed—denominated in USDT—gets put to work in high-yield strategies, using yield-bearing synthetic assets like $USDe and $sUSDE, which Ethena Labs issues. These DeFi-native assets are designed to hold their value and pay off consistently, making them ideal for Avalon to construct strategies around.

借用託管合成資產（如$ USDE和$ susde）借用的資本（在USDT中被計入USDT），以高收益策略進行工作。這些原始資產旨在保持其價值並始終如一地償還，使其非常適合Avalon構建策略。

The ingenuity here is not just in the technology but in the structure of the ecosystem. The entire yield cycle—from collateralization to deployment and eventual yield distribution—is automated and optimized. This means that users can access the benefits of institutional-grade yield farming without the complexities or risks typically associated with DeFi involvement.

這裡的獨創性不僅在於技術中，而且在生態系統的結構中。從抵押品到部署和最終產量分佈的整個收益週期都是自動化和優化的。這意味著用戶可以訪問機構級產量耕作的好處，而沒有通常與Defi參與有關的複雜性或風險。