> For the complete documentation index, see [llms.txt](https://docs.avalonfinance.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.avalonfinance.xyz/avl-governance-token/introducing-avl.md).

# Introducing AVL

## Introducing AVL: The Future of Community-Driven Governance

Avalon Labs has redefined the landscape of Bitcoin-backed finance. From its beginnings as the world’s largest issuer of Bitcoin-backed CDPs, Avalon has continuously innovated to create a dynamic, Bitcoin-centered financial ecosystem. Starting with lending, Avalon expanded its offerings to include DeFi lending, CeDeFi fixed-rate models, and, most recently, the launch of stablecoins. This strategic progression, always driven by community demand, has positioned Avalon as the heartbeat of the next generation of on-chain finance. And now, with the introduction of AVL, we are taking community-driven governance to new heights, allowing users to actively shape the future of Avalon.

<figure><img src="/files/S4W7g22PWbzQRetbGVv3" alt=""><figcaption></figcaption></figure>

## The Core Value of AVL

### 1. A Voice in Building the Future

Holders of sAVL gain voting power within Avalon Labs’ decentralized governance system. This unique feature allows the community to directly influence key decisions and shape the growth of Avalon as the world’s largest Bitcoin-backed financial center. With voting power, every sAVL holder can play a pivotal role in driving Avalon’s evolution, ensuring that the future of on-chain finance is truly community-driven.

### 2. Endless Benefits Across Avalon’s Ecosystem

Owning AVL tokens isn’t just about governance—it’s about unlocking real, tangible benefits within the Avalon ecosystem. AVL holders enjoy exclusive perks, including fee rebates, access to AVL Lend, special incentive allocations, and more.

### 3. Community-Centric Approach

AVL is a token by the community, for the community. An overwhelming 90% of AVL tokens are distributed directly to the community. Only 10% is allocated to the team, emphasizing Avalon’s commitment to creating a platform where the community is at the core of its success.

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