Avalon Labs已在Bybit赚取的机构产量层，向Defi开放比特币

Bybit Earn是Bybit提供的收益产品，Bybit是一种用于交易加密货币（例如比特币）的集中式交易所（CEX）。 bybit赚取作为一种产品，更像是一个储蓄帐户，而不是固定收入产品

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.

阿瓦隆实验室（Avalon Labs）正式引入了Bybit Eart的机构产量层，这是一种借用比特币和产生产量的新模型，结合了集中式融资（CEFI）效率与分散融资（DEFI）创新。

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.

该计划的重点是使用Avalon的固定利率机构借贷基础架构和集成功能BTC（$ FBTC），该版本与Defi协议完全兼容，并将其固定在比特币上。这种组合允许比特币成为一种富有成效的产生产生的资产，而不会使用户接触到DEFI的直接动态，这既可以复杂又波动。

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.

该系统的核心是$ FBTC，这是一种固定的比特币资产，具有1：1的值。 $ FBTC持有超过12.5亿美元的总价值锁定（TVL），形成了一座坚固的桥梁，将比特币带入以太坊和其他兼容区块链中。它使用户可以访问Defi协议并产生策略，同时保持比特币的经济风险。

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.

在这种创新的结构中，阿瓦隆（Avalon）充当中介，将被动比特币转化为主动产量产生的仪器。这一切都始于Avalon机构平台上的抵押品的$ FBTC。接下来，Avalon以固定利率向$ FBTC贷款。此设置为借款人和贷方提供了可预测性和透明度。

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.

借用托管合成资产（如$ USDE和$ susde）借用的资本（在USDT中被计入USDT），以高收益策略进行工作。这些原始资产旨在保持其价值并始终如一地偿还，使其非常适合Avalon构建策略。

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.

这里的独创性不仅在于技术中，而且在生态系统的结构中。从抵押品到部署和最终产量分布的整个收益周期都是自动化和优化的。这意味着用户可以访问机构级产量耕作的好处，而没有通常与Defi参与有关的复杂性或风险。