Aave Labs announced the acquisition of Avon, a company specializing in fixed-rate and variable-rate lending protocols as well as onchain order books. The deal includes Avon’s technology, domains and assets, while three members of its team are joining Aave Labs; the transaction amount was not disclosed. The acquisition is expected to introduce fixed-rate lending into version 4 of the protocol, with any core integration requiring a vote by AAVE token holders. Aave Labs reports managing more than $30 billion in deposits, including $12 billion in active loans, and aims to reach companies, financial institutions and individuals.
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