Avalon Labs, a BTCFi protocol, has announced its Token Generation Event (TGE) and the launch of its governance token, AVL. The TGE will take place in early Q1, and AVL will have various utilities including staking rewards, governance rights, and fee rebates. To reward its community, Avalon Labs plans to airdrop 20% of its total AVL supply, with the majority being distributed based on Avalon Points accumulated from lending activities. The company will share more details on the registration and airdrop process once the accumulation period is over.



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