Pharos: BTC Lending Market launches on the network - 26 Aug 2026

Avalon Labs launches its BTC Lending Market on Pharos with FunctionBTC, and the USDC lending pool is live, introducing a lending use case for the network.The launch gives Pharos a live BTC-finance application backed by Avalon Labs, which reports substantial prior lending activity. The available pool also shows that the integration has moved beyond an announcement to an operating market with a defined lending asset and borrowing currency.Expanded lending utility may draw attention to PROS as activity on the network develops. However, the announcement does not establish a direct mechanism connecting the lending market to PROS, nor does it provide Pharos-specific scale for the deployed activity.RealFi is about putting the world's largest onchain asset to work.The first BTC lending market is now live on Pharos, with and unlocking real utility for Bitcoin holders.Bitcoin is a $2T+ asset class, yet most BTC remains idle. Avalon is already…