DeFi Protocol Avalon Labs Partners with ZetaChain to Launch Native Cross-Chain Universal Lending Application

Odaily Odaily Lending protocol Avalon Labs has partnered with ZetaChain to launch a native cross-chain Universal Lending application to enable seamless cross-chain interaction of native BTC liquidity with other DeFi ecosystems such as Ethereum and Solana. Users can lend and borrow a range of assets using the Universal Lending application, including BTC, ZETA, ETH and stablecoins, and participate in liquidity staking incentives through PumpBTC. It is reported that the application is built on ZetaChain's universal EVM and can be natively connected to other blockchains including: EVM, non-EVM, Bitcoin, L2, etc., using the ZetaChain gateway to handle cross-chain contract calls, token transfers and multi-step operations from a unified interface.