A Humble Appeal for @avalonfinance_ – Building Together on BNB Chain
Dear @heyibinance and @cz_binance,
I’m writing to you as the co-founder of Avalon Labs, with deep respect and appreciation for BNB Chain and its vision. I hesitated before sending this letter, uncertain of the outcome, but as committed builders on BNB Chain, we believe in both working tirelessly behind the scenes and speaking up when it matters.
I still vividly remember @heyibinance speech during MVB 8, where she shared the leadership team’s relentless efforts in shaping the future of BNB Chain. It was both inspiring and exciting. What’s even more exciting is seeing both of you embrace market trends with an open mind—welcoming the meme narrative while ensuring BNB Chain remains at the forefront of innovation. We truly believe that BNB Chain is on its way to becoming greater than ever.
That said, we believe BNB Chain’s success lies not only in the momentum of memes but also in the strength of builders like Avalon Labs. Together, we create both high-growth opportunities and real utility. If memes generate short-term excitement, then fundamental builders provide the infrastructure for lasting value—like the difference between a fleeting thrill of alcohol and a life-sustaining resource spring water.
At Avalon Labs, we’ve pioneered the first Bitcoin-backed, overcollateralized fixed-rate lending platform and are now the second-largest CDP issuer, just behind MakerDAO. We firmly believe in Bitcoin’s role as the world’s premier digital asset, and our mission is to establish it as a cornerstone of global finance.
Our contributions to BNB Chain speak for themselves:
• We’ve deployed the native minting function of our CDP stablecoin, USDa, on BNB Chain, reaching over $340M TVL.
• Our DeFi lending holds approximately $150M TVL on BNB Chain.
• Our CDP stablecoin, USDa, has 92,000 holders on BNB Chain.
• Our governance token, AVL, has over 58,000 holders on BNB Chain.
These numbers are a testament to our dedication to BNB Chain and its ecosystem.
We are incredibly grateful for being selected for Binance Alpha and for the opportunity to collaborate with Binance teams across the entire Binance and BNB Chain. Their professionalism, responsiveness, and kindness have been unparalleled. We believe the public should recognize the world-class effort that goes into making Binance and BNB Chain truly exceptional.
Avalon Labs is built by passionate, dedicated builders, and today, we want to fight for the attention of Binance leadership. We humbly ask for a reconsideration to be included in the first Vote to List program. We are confident that our contribution to the ecosystem aligns with Binance’s long-term vision, and we would be honored to continue building alongside you.
Thank you for your time and consideration.
Best regards,
Venus
Co-founder, Avalon Labs