Avalon Labs ($AVL) is a platform that helps Bitcoin holders borrow money, earn steady returns, and use Bitcoin-backed stablecoins without selling their Bitcoin. They have just announced Stage 2 of their Avalon Labs ($AVL) token airdrop. Here is our Avalon Labs ($AVL) token airdrop guide.
Check out our step by step guide!
What is Avalon Labs ($AVL)?
Avalon Labs ($AVL) is a decentralized liquidity protocol designed for Bitcoin holders to access liquidity, earn sustainable yields, and utilize Bitcoin-backed stablecoins without selling their assets. Its main features include USDa, a Bitcoin-backed stablecoin offering instant liquidity and fixed borrowing rates, and USDaLend, a decentralized lending platform providing stable rates and scalable borrowing options. Avalon Labs also supports Bitcoin Liquid Staking tokens and derivatives, creating additional yield opportunities while maintaining security.
The platform has raised US$11.50 million so far on a US$30 million valuation. Investors of Avalon Labs include Framework Ventures, Kenetic Capital, Paul Taylor and SNZ Holding.
How to get the Avalon Labs ($AVL) token airdrop?
Time needed: 15 minutes
Here is a guide on how to get the potential Avalon Labs ($AVL) token airdrop
- Connect to Avalon Labs
Connect your wallet to https://www.avalonfinance.xyz/. Note that there may be restrictions on participation based on your jurisdiction.
- Complete quests
Go to the Point section. Connect your social accounts and wallet. Engage with the Avalon Labs platform, for example, you will earn 10 points for daily check-ins.
- Provide liquidity
On the “Markets” section, choose your preferred network and supply the asset to deposit. Approve the transaction. Note that as the platform has already launched its mainnet, you will be using real funds for any tasks on the platform.
- Hold assets
To qualify for Stage 2 of the AVL airdrop, you must hold 15x the AVL airdrop amount in USDa throughout each of the 3 epochs to fully unlock the rewards. Each epoch will last for 60 days (totaing 180 days) from 15th March 2025. Snapshots will be periodically taken to see your USDa wallet balance and USDa deposited into USDaLend. For example, to qualify for a 1,000 Avalon Labs ($AVL) airdrop, you must hold at least 15,000 USDa. Note that holding more than 15x the amount of USDa tokens does not increase your rewards.
