Aave Labs Acquires Avon’s Team and Technology

To advance fixed-rate lending, Aave Labs has acquired the Avon team and its technology. The acquisition includes Avon’s fixed- and floating-rate lending protocol, on-chain order book, domain names, and other related assets—though the financial terms of the deal remain undisclosed. Under the agreement, Prince Sinha and Ayush Kaul will join Aave Labs’ engineering team, while Omar el-Ashaal will take on a role in business development. During the initial integration phase, the Avon team will focus exclusively on fixed-rate lending to help expand the range of loan products available to Aave users. Prior to the acquisition, Avon’s R&D efforts spanned key areas including interest rate pricing mechanisms, risk isolation solutions, and lending market architecture design. Stani Kulechov, CEO of Aave Labs, stated that fixed-rate lending is a feature users already expect from traditional finance…