Aave Labs Buys Avon Team to Build Fixed-Rate Lending Products
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Aave Labs has acquired the Avon team and its technology as it expands into fixed-rate crypto lending.
Aave Labs has acquired the team behind Avon as part of an effort to develop fixed-rate lending products for decentralized finance users.
The transaction also covers Avon's lending protocols and its onchain order book, giving Aave Labs additional infrastructure for the planned offering.
Aave Labs has not disclosed which market will be targeted first or provided a timeline for launching the new fixed-rate lending products.
Source: The Defiant
