Aave

Aave Labs has acquired the team and technology behind Avon, the onchain lending project focused on fixed-rate loans. The Avon team will initially work on fixed-rate lending, with the technology expected to add new capabilities across Aave's network and product layers over time; the deal was announced by Aave Labs on X on November 6, with Stani Kulechov and contributors Luigi DeMeo, 0xPrince, cryptographicas, and serayush amplifying the news, and the Avon team confirming it has joined Aave.

• @0xPrince said starting Avon was about rethinking how credit works onchain and called the acquisition a major milestone
• Terms were not disclosed; the deal follows Aave Labs' recent moves to broaden its lending products, including tokenized-stock markets on V4 and new integrations

HyperLend has submitted a proposal to the Aave DAO to deploy another friendly fork of the protocol, this time on the Elysium network, per an announcement the team shared and Aave amplified on X. The proposal is a new DAO governance-stage step following HyperLend's earlier deployment of a friendly fork built on Aave's open-source code.

The ARFC vote to onboard native BTC as collateral on Aave V4 through Babylon Labs' Trustless Bitcoin Vaults (TBV) is now live, per an announcement Babylon Labs shared and Aave amplified on X. If approved, users can lock native BTC on the Bitcoin chain and borrow supported assets against it on Aave V4.

• Babylon's proposal would deploy two new Aave V4 Spokes (the Babylon Spoke) to bring native BTC into the protocol's hub-and-spoke architecture
• The vote follows the proposal passing its temperature check with 299,743 AAVE in favor, and raised LLamaRisk-published risk settings The ARFC is a governance-stage discussion/decision point — nothing is final until the vote completes, but the outcome would mark the first native Bitcoin collateral path on V4 via trustless vault deployment.

Para has rolled out support for fintechs to offer customers USDC yield through Aave V3 directly inside their applications. Customers can deposit USDC from their Para wallet and withdraw back to the same account, letting fintech apps embed Aave's lending yield without moving users off-platform. Aave amplified the announcement on X. The launch extends the wave of integrations — EthenaPay's Earn+, PendleLoop, and others — that route consumer stablecoin yield through Aave's core lending pools.

Payward, the financial infrastructure group behind Kraken, has purchased AAVE tokens on the secondary market via its affiliated fund Digital Asset Special Investments I, LP and clients. The size of the purchase was not disclosed; contributors say Payward may acquire more tokens in the future.

• Founder Stani Kulechov framed the purchase as part of the partnership to bring onchain lending to Kraken's ecosystem, following earlier reports that Payward was in talks to invest in Aave
• Aave amplified the news on X with reposts from Kulechov, Luigi DeMeo, and 0xKolten, each pointing to Payward's full statement
• The token acquisition is a completed open-market transaction, separate from any broader partnership terms

Superform has activated its SuperSPCX earning strategy on Base, a leveraged strategy that uses tokenized SpaceX stock as collateral on Aave V4 to borrow USDC, which is then supplied to approved lending markets — with returns equal to interest earned minus borrowing costs, fees, and expenses.

SuperSPCX went live with a 31% target LTV and a partial auto-deleveraging (ADL) threshold. SuperformOS automates rule-based LTV management, debt, accounting, monitoring, repayment, redemption, and unwind across both legs of the strategy. Aave amplified the announcement on X, with Superform positioning the launch as part of a broader rollout of earn strategies for tokenized stocks on Base.

SPCXc, Coinbase's tokenized SpaceX stock, is now live as collateral in the Coinbase Tokenized Stocks market on Aave V4 on Base, joining AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc, and TSLAc. Eligible non-U.S. users can deposit the stock tokens and borrow USDC against them; the tokens are collateral-only and not borrowable.

Aave amplified the listing across X, with 0xKolten flagging deposit incentives for SPCXc and Token_Logic noting the flow of buying tokenized SpaceX stock on Base, then borrowing USDC against it on Aave V4.

• USDC incentives in the Coinbase Tokenized Stocks Hub sharply lower borrowing costs; contributors say the rewards make borrowing against the tokens effectively free
• Both stock-token suppliers and USDC suppliers in the Equities Hub earn rewards
• The deployment was done by Aave Labs with risk analysis by LlamaRisk
• Chainlink 24/7 continuous pricing for stocks and other RWAs is coming soon, aimed at onboarding the $150 trillion global equities market into DeFi

Aave Pro now supports collateral swaps for Aave V4's Ethereum, Base, and Avalanche markets. Users can swap collateral from one asset to another without closing their position, powered by CoWSwap. Aave announced the feature on X across two posts, with a link to Aave Pro.

Aave Labs, together with Veda Labs and Kamino, submitted a legal framework covering decentralized lending protocols and non-custodial vaults to the SEC's Crypto Task Force and Division of Corporation Finance. The paper explains how existing law applies to onchain lending protocols and vaults as they operate today, and why getting this right for DeFi matters. Founders and contributors amplified the submission on X.

• The submission is part of Aave's engagement with U.S. regulators on how existing securities law maps onto onchain lending
• The team is now releasing a public summary of the paper

Following @TheTNetwork's maintenance update on tBTC, Aave has restricted new tBTC deposits and new borrows against tBTC.