Avalon Labs has released the world's first over-collateralized stablecoin based on Bitcoin, USDa, which currently has a supply of over 100 million. The total value of the collateralized Bitcoin assets reaches $200 million. At the same time, Avalon Labs announced an open deposit limit of $50 million, with participants able to enjoy variable returns ranging from 20% to 50%. Users can also receive additional triple point rewards to further increase their participation benefits. Avalon Labs is a financial infrastructure platform in the BTCFi field and currently manages more than $1.2 billion in locked-up funds, approximately 15,000 Bitcoins. As the champion of BNB Incubation Program's second round, Avalon Labs was successfully selected for MVB8's eighth season accelerator program.