Aave Buys Avon Team to Bring More Fixed-Rate Lending Onchain
Aave Labs acquired Avon’s team and technology, including fixed- and floating-rate lending systems and an onchain order book. Three Avon staff are joining Aave to work on fixed-rate lending and onchain credit products. The acquisition could help Aave develop borrowing with more predictable rates, but fixed-rate lending brings challenges such as term liquidity, interest-rate risk, collateral volatility and liquidation design. Aave reported more than $33 billion in deposits and $13 billion in active loans. The deal is an engineering investment, not a product launch: no finished fixed-rate market is confirmed as live or approved. Users should look for product specifications, audited contracts, governance decisions and evidence of sustainable liquidity.
