@avalonfinance_ built on the Merlin Chain, Avalon Finance is a decentralized finance (DeFi) platform that seeks to connect the DeFi with traditional finance. The platform provides derivatives trading, overcollateralized loans, and $USDa, a cutting-edge algorithmic stablecoin.

# $USDa: The Stablecoin Supported by Bitcoin.The main stablecoin of Avalon Finance, $USDa, was created to give Bitcoin owners liquidity without forcing them to liquidate their holdings. Link : https://usda.avalonfinance.xyz/rewards/?referral_code=X7DXTH

This is how it operates: The option to collateralize Bitcoin holdings to mint USDa at a fixed 8% borrowing rate is available to users. Because USDa is fixed at a 1:1 ratio to the US dollar, stability is guaranteed even in erratic markets.

Q. How to Collateralize Bitcoin with $USDa? 
-Fund your Bitcoin account on the Avalon Finance website. 

-Mint USDa: At the set borrowing rate, mint USDa using the Bitcoin you have collateralized.