Aave Labs has acquired the team and technology behind on-chain lending protocol Avon for an undisclosed amount.
According to The Block, the acquisition includes Avon’s fixed- and floating-rate lending protocols, on-chain order book, domain names, and related assets. Avon founders Prince Sinha and Ayush Kaul will join Aave Labs’ engineering team, while Omar el-Ashaal will join the business development team.
· Aave Labs CEO Stani Kulechov said the team will help Aave serve institutions, fintech companies, and everyday users, initially focusing on fixed-rate lending.
· The acquisition brings assets such as the protocols and order book, as well as team members. The source did not disclose how this technology will be integrated into existing products.
Which would you look at first for on-chain trading activity: fixed-rate or floating-rate lending?
$AAVE
According to The Block, the acquisition includes Avon’s fixed- and floating-rate lending protocols, on-chain order book, domain names, and related assets. Avon founders Prince Sinha and Ayush Kaul will join Aave Labs’ engineering team, while Omar el-Ashaal will join the business development team.
· Aave Labs CEO Stani Kulechov said the team will help Aave serve institutions, fintech companies, and everyday users, initially focusing on fixed-rate lending.
· The acquisition brings assets such as the protocols and order book, as well as team members. The source did not disclose how this technology will be integrated into existing products.
Which would you look at first for on-chain trading activity: fixed-rate or floating-rate lending?
$AAVE
