How to participate Bitlayer Mining Gala on Avalon Finance

We are pleased to announce our participation in the Bitlayer Mining Gala event. Avalon Finance will be offereing three types of rewards for Bitlayer Mining Gala participants.

1. 20% of total supply will be airdropped to users across various chains, with the distribution based on a point system. To celebrate this event, we are offering twice of the default reward to users participating in the Bitlayer Mining Gala.
2. 200 Avalon IDO whitelists will be offered to the participants of “Bitlayer Mining Gala”.
3. Users who complete all the tasks will be eligible to claim the Bitlayer Mining Gala Pioneer Pass on the Bitlayer website. Holders of the Bitlayer Mining Gala Pioneer Pass will be eligible for the Bitlayer token ($BTR) airdrop.

Now, let’s guide you through how to participate in this event! This tutorial is divided into 4 main sections:

1. Bridge Asset to Bitlayer
2. Supply Asset on Avalon
3. Borrow Asset on Avalon
4. Loop your supply and borrowing on Avalon

Let’s get started!

Bridge Asset to Bitlayer

1.Bridge Assets to Bitlayer with Bitlayer official bridge

• Visit https://www.bitlayer.org/bridge/
• Connect your BTC wallet (Unisat, OKX, and Bitget are supported).
• Choose your source chain as “Bitcoin.”
• Enter the BTC amount you want to bridge.
• Connect your MetaMask wallet or another EVM wallet.
• Transfer your assets.

• After transfer, you can check the bridge history. Once it shows ‘completed,’ you will be able to use your BTC as gas on Bitlayer.

2.Bridge Assets to Bitlayer with third party bridge

You can use a third-party bridge to transfer assets from Ethereum or EVM Layer 2 to Bitlayer. This is more user-friendly for those familiar with using EVM or who do not have a BTC wallet. You can use the following three official bridges:

• Owlto：https://owlto.finance/

• Orbiter Finance：https://www.orbiter.finance/

• Meson：https://meson.fi/

Supply Asset on Avalon

Supplying assets on Bitlayer will earn 2X points.

• Visit the Market page https://app.avalonfinance.xyz/ , after connect your wallet, select Bitlayer market-main

• Choose the asset you want to supply , on the asset details page, enter the amount of assets you want to supply and click “Supply.”.

• Congratulations! You have successfully supplied assets. Your deposit points will be visible on the Points page within approximately 8 hours.

Borrow Asset on Avalon

Borrowing assets on Bitlayer will earn 6X points.

After you have supplied assets, if the assets you supplied are eligible as collateral, you can then borrow assets.

• Visit the Market page https://app.avalonfinance.xyz/
• Choose the asset you want to borrow.

• On the asset details page, please check every collateral info before you you click “borrow”.

• Enter the amount of assets you want to borrow, and please check the health factor number before you send the transaction.

Loop your supply and borrowing on Avalon

With our loop functionality, you can maximize your investment potential with just two simple steps, and will earn extra points rewards for looping! Looping will allow users to supply one asset and borrow this asset out to maximize points reward in one click.

• Visit the Market page https://app.avalonfinance.xyz/
• Choose the Asset You Want to Loop.

• In the pop-up window, choose the leverage ratio you want. Check all the information before you approve and loop your asset.

Congratulations! You are now starting to earn AVAF points! Your points will be updated on the Points page within approximately 8 hours.