🚀 Aave Labs acquires Avon startup to develop fixed-rate lending!
The largest DeFi protocol Aave announced the purchase of the developer Avon. The deal is aimed at integrating institutional financial products and expanding lending opportunities with fixed rates right in the blockchain.
📊 Key figures and facts:
List marker $33+ billion - total amount of deposits (TVL) in the Aave protocol.
The list marker is $12+ billion - the volume of active open loans.
The token of the list Entering the fixed rate market will attract large capital and institutions for which predictability of profitability and expenses is important.
Fixed rates are one of the main missing elements for the full-fledged combination of traditional finance (TradFi) and DeFi. Aave continues to strengthen the position of the absolute leader in the decentralized lending sector!
The largest DeFi protocol Aave announced the purchase of the developer Avon. The deal is aimed at integrating institutional financial products and expanding lending opportunities with fixed rates right in the blockchain.
📊 Key figures and facts:
List marker $33+ billion - total amount of deposits (TVL) in the Aave protocol.
The list marker is $12+ billion - the volume of active open loans.
The token of the list Entering the fixed rate market will attract large capital and institutions for which predictability of profitability and expenses is important.
Fixed rates are one of the main missing elements for the full-fledged combination of traditional finance (TradFi) and DeFi. Aave continues to strengthen the position of the absolute leader in the decentralized lending sector!