AaveAave Labs acquires Avon team and tech for fixed-rate lending
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
Sources
- RT @0xPrince: Big milestone: @aave has acquired Avon’s technology and our team is joining Aave. I started @avon_xyz to rethink how credit…x.com ↗
- RT @avon_xyz: The Avon team has joined @aave.x.com ↗
- RT @luigidemeo: Aave has acquired @avon_xyz. @0xPrince, @cryptographicas, and @serayush are deep down the rabbit hole on onchain credit an…x.com ↗
- RT @cryptographicas: Pretty surreal seeing @avon_xyz become part of Aave. We’ve spent the last few years tackling some of the hardest prob…x.com ↗
- RT @StaniKulechov: Aave acquired @avon_xyz. @0xPrince, @cryptographicas, and @serayush are among the best minds in onchain credit and fixe…x.com ↗
- Aave Labs has acquired the team and technology behind @avon_xyz, one of the leading companies working on fixed-rate lending onchain. The Avon team brings deep protocol engineering and market-structure expertise to Aave Labs as it expands onchain lending for a mainstream https://t.co/70GbLY9xDsx.com ↗
- Full announcement here: https://t.co/zS81AChkYZ Replying to their earlier post: Aave Labs has acquired the team and technology behind @avon_xyz, one of the leading companies working on fixed-rate lending onchain. The Avon team brings deep protocol engineering and market-structur…x.com ↗
Aave
We built Aave Protocol, an open source and non-custodial liquidity protocol and the Aave app, a web interface for users to interact directly with the protocol.
