Aave Labs acquired the team and technology of Avon, a fixed-rate lending startup. According to CoinDesk, the move adds fixed-rate lending to a platform with over $33 billion in deposits and around $13 billion in active loans. Avon also officially announced that “the team has joined Aave.” The acquisition price and launch date weren’t disclosed.
Crypto parrots are already chanting “institutional credit on-chain” and “DeFi is maturing.” Acquiring a team is a hiring story, not a balance-sheet story. Floating-rate pools have made it this far, but fixed rates require someone willing to lock in a term and bear the mismatch—which counterparties are out there? That’s the real question.
Talk when there’s trading depth. Don’t price AAVE based on JUST IN.
#Aave #DeFi
Crypto parrots are already chanting “institutional credit on-chain” and “DeFi is maturing.” Acquiring a team is a hiring story, not a balance-sheet story. Floating-rate pools have made it this far, but fixed rates require someone willing to lock in a term and bear the mismatch—which counterparties are out there? That’s the real question.
Talk when there’s trading depth. Don’t price AAVE based on JUST IN.
#Aave #DeFi