Aave Labs acquires Avon team to build out fixed-rate lending
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Aave Labs has acquired the team behind Avon, a fixed-rate lending protocol, to build out fixed-rate borrowing within the Aave ecosystem. The deal's financial terms were not disclosed. The acquisition is aimed at adding predictable lending rates to Aave's variable-rate model, which could strengthen DeFi's appeal to institutional borrowers. Aave is the largest decentralized lending protocol by total value locked. Watch for how Aave integrates Avon's fixed-rate technology and whether it draws institutional capital into onchain credit markets.
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Named in this story
Aave Labs, Avon, Aave (AAVE)
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