Aave Labs Acquires Avon Team to Build Fixed-Rate DeFi Lending Products
Key Highlights Aave Labs has acquired Avon, bringing founder Prince Sinha, Ayush Kaul, and Omar el-Ashaal onto its engineering and business development teams. The move aims to expand Aave’s product layer toward fixed-rate lending capabilities, distinguishing itself from the protocol’s existing variable-rate Stable Vaults. No immediate rollout date, target market, or AAVE governance deployment timetable ...