$AAVE JUST BOUGHT A TEAM TO BUILD FIXED RATE LOANS 😈
today Aave Labs acquired the team and technology behind Avon, per a statement shared with The Block
financial terms were not disclosed
what landed inside @aave 👇
> avon's fixed and floating rate lending protocols
> an onchain order book
> the founders joining aave labs, with fixed rates first on the agenda
stani kulechov said they want the products people already use, including fixed rates
i checked DefiLlama this afternoon
$16.23B of liquidity sitting in the protocol
$11.77B already borrowed
that is $28.0B of deposits
$AAVE trades at $131
80% under the $661.69 ATH from may 2021
down 34% over the last year
they keep assembling a real credit market
i'm holding $AAVE for the day those fixed rates go live
NFA DYOR Tribe
-Brondor #Altcoin Season# #defi #Macro Insights#
today Aave Labs acquired the team and technology behind Avon, per a statement shared with The Block
financial terms were not disclosed
what landed inside @aave 👇
> avon's fixed and floating rate lending protocols
> an onchain order book
> the founders joining aave labs, with fixed rates first on the agenda
stani kulechov said they want the products people already use, including fixed rates
i checked DefiLlama this afternoon
$16.23B of liquidity sitting in the protocol
$11.77B already borrowed
that is $28.0B of deposits
$AAVE trades at $131
80% under the $661.69 ATH from may 2021
down 34% over the last year
they keep assembling a real credit market
i'm holding $AAVE for the day those fixed rates go live
NFA DYOR Tribe
-Brondor #Altcoin Season# #defi #Macro Insights#
