Saw this about Aave today
They’re filling in another piece of the lending puzzle 😅

The team says
They’ve acquired the Avon team and technology
Fixed- and variable-rate lending
Plus an on-chain order book
The amount wasn’t disclosed

At first, they’ll focus on fixed rates
Serving institutions, fintech companies, and everyday people
About $33 billion in deposits
About $13 billion in active loans
This is already a sizable market

I’ve been burned by variable rates over and over
And finding a way to lock in a rate in DeFi always seemed difficult
Now even the giants are starting to push fixed rates as a serious product

Whether rates can really be locked in
Still depends on how things roll out
I’ll make a note of it for now—not getting caught up in the hype