Aave Labs has acquired the team and technology behind Avon, a developer of onchain fixed-rate lending.
Aave Labs announced on its official blog that it had acquired Avon’s team and technology. According to the announcement, Avon was one of the leading teams in onchain fixed-rate lending, having built fixed- and floating-rate lending markets, as well as an onchain order book for onchain lending.
· The deal covers the team and technology; the purchase price was not disclosed.
· The announcement did not say what will happen to Avon’s existing products.
Are you more interested in Avon’s fixed-rate market, or whether its order book will continue?
Aave Labs announced on its official blog that it had acquired Avon’s team and technology. According to the announcement, Avon was one of the leading teams in onchain fixed-rate lending, having built fixed- and floating-rate lending markets, as well as an onchain order book for onchain lending.
· The deal covers the team and technology; the purchase price was not disclosed.
· The announcement did not say what will happen to Avon’s existing products.
Are you more interested in Avon’s fixed-rate market, or whether its order book will continue?
