Aave Labs announced yesterday that it had brought in the Avon team and technology for fixed-rate lending.
The goal is straightforward: add fixed-rate lending to the largest on-chain lending protocol.
The official blog post said the team will first focus on building out this product capability.
The market barely reacted today.
The token price was almost flat, holding up a little better than many other major coins that have been weaker.
I see this more as a gradual positive from rounding out the product lineup; the acquisition alone is unlikely to drive a significant price move in the short term.
For now, watch whether it can hold around 129. A high-volume move back above around 133.5 would be a more convincing sign that the past couple of days’ sideways trading is breaking out.
Are you more focused on when fixed-rate lending will launch, or whether 129 will break first?
$AAVE
#Aave #DeFi
The goal is straightforward: add fixed-rate lending to the largest on-chain lending protocol.
The official blog post said the team will first focus on building out this product capability.
The market barely reacted today.
The token price was almost flat, holding up a little better than many other major coins that have been weaker.
I see this more as a gradual positive from rounding out the product lineup; the acquisition alone is unlikely to drive a significant price move in the short term.
For now, watch whether it can hold around 129. A high-volume move back above around 133.5 would be a more convincing sign that the past couple of days’ sideways trading is breaking out.
Are you more focused on when fixed-rate lending will launch, or whether 129 will break first?
$AAVE
#Aave #DeFi
