Avalon and Hemi will work together to bring USDa to the platform.

TL;DR:
Avalon and Hemi will collaborate to bring Avalon’s USDa stablecoin and CeDeFi lending bridge to the Hemi network. Users can mint USDa and access high liquidity by lending in DeFi and borrowing from CeDeFi, benefiting from stable rates and broader financial flexibility across platforms.

Avalon, a pioneer in DeFi lending, and Hemi, a modular blockchain network unifying assets and liquidity across Bitcoin and Ethereum, are proud to announce a collaboration that introduces Avalon’s USDa stablecoin and multi-chain lending capabilities to the Hemi ecosystem. This collaboration brings together Avalon’s centralized and decentralized finance advantages, delivering high liquidity, capital efficiency, and stable borrowing options to DeFi users.

USDa, Avalon’s omnichain stablecoin, will be accessible on the Hemi network. It maintains a 1:1 peg with USDT, backed by Avalon’s CeDeFi infrastructure to maintain stability and deep liquidity. 

The collaboration enables a unique CeFi-DeFi lending bridge, allowing Hemi users to lend in DeFi while borrowing from Avalon’s larger liquidity reserves in CeFi. This integration provides:

• High Liquidity and Stable Rates: Access to deep CeFi liquidity pools with stable borrowing rates of 8-10%.
• Cross-Platform Flexibility: Hemi users can leverage CeFi liquidity to extend their borrowing potential beyond typical DeFi limitations.

Strengthening Access to Decentralized Finance

The collaboration brings Avalon’s lending solutions within an isolated DeFi pool on Hemi, promoting risk management and capital efficiency. This collaboration paves the way for enhanced liquidity, seamless CeFi-DeFi transitions, and scalable financial access within decentralized markets.

Both Avalon and Hemi aim to continue innovating at the intersection of CeFi and DeFi, empowering users with advanced financial tools that offer the stability and depth of centralized finance within decentralized frameworks.