Aave Labs buys Avon team and technology in fixed-rate lending push

Aave Labs has acquired the Avon team and technology as part of a push into fixed-rate lending, including fixed- and floating-rate lending protocols and an onchain order book. Avon founder Prince Sinha joins the engineering team, with founders 0xPrince, cryptographicas and serayush building onchain credit on Aave V4. Financial terms were not disclosed.

Detected & updated continuously · Source: Nebula