I've recently created a team on the Avalon platform, and I chose the Sonic blockchain. With the Avalon's Token Generation Event (TGE) on the horizon, I think it's a good opportunity to get the upcoming airdrop.
Why I created a team on Avalon
Avalon is a decentralized finance (DeFi) platform that integrates Bitcoin into the DeFi ecosystem. Their flagship product is USDa, a stablecoin backed by Bitcoin, allowing users to leverage their Bitcoin holdings in various financial activities without selling them.
Furthermore, Avalon Labs, the team behind Avalon, recently secured a $10 million Series A funding round led by Framework Ventures, with participation from UTXO Management, Presto Labs, and Kenetic Capital.
On Avalon you can supply and borrow Bitcoin or altcoins, depending which blockchain you use.
Why Sonic blockchain
Sonic Labs is an Ethereum Virtual Machine (EVM) compatible layer-1 blockchain that offers 10,000 transactions per second and low fees. It used to be the Fantom blockchain. Sonic is a total rebirth for Fantom, the TVL has significantly increased since its launch, and Andre Cronje is still part of the team. Using the Sonic blockchain dapps could make you eligible for their future airdrop. Furthermore, the Sonic (S) token can be liquid staked into stS which can be used as collateral in Avalon.
How to join my team
I've set up a team on Avalon to get the highest number of points for their upcoming airdrop. By joining, you can get a share of the Avalon points we will earn together through activities like supplying and borrowing assets. The more points we get, the higher the airdrop allocation will be for all the team.
If you're interested, you can join the team using this referral link: https://app.avalonfinance.xyz/points?code=uQZlMj
Disclaimer: Although platforms like Avalon are backed by reputable investors, they are still subject to market fluctuations and regulatory changes. Always do your own research and consider your risk tolerance before diving in.