🏦 AAVE LABS ACQUIRES AVON TEAM TO ADVANCE LENDING
On November 6, Aave Labs announced the acquisition of the Avon team and technology. The deal includes solutions for fixed- and variable-rate loans, an on-chain order book, and related assets. Financial terms were not disclosed.
Avon specialists are joining Aave Labs. One of their first areas of focus will be fixed-rate lending, where borrowing costs are more predictable than with variable interest rates.
Important: acquiring the technology does not yet mean a new feature is launching for users. Sources: the official Aave Labs blog and The Block.
#DeFi #AAVE
On November 6, Aave Labs announced the acquisition of the Avon team and technology. The deal includes solutions for fixed- and variable-rate loans, an on-chain order book, and related assets. Financial terms were not disclosed.
Avon specialists are joining Aave Labs. One of their first areas of focus will be fixed-rate lending, where borrowing costs are more predictable than with variable interest rates.
Important: acquiring the technology does not yet mean a new feature is launching for users. Sources: the official Aave Labs blog and The Block.
#DeFi #AAVE