Aave Labs Acquires Avon Team to Build Fixed-Rate Lending Products
The deal covers Avon's fixed-rate and floating-rate lending protocols and its onchain order book. Financial terms were not disclosed.
Key Takeaways
- Aave Labs acquired the team and technology behind Avon on November 6, 2026.
- The deal includes Avon's fixed-rate and floating-rate lending protocols and its onchain order book.
- Three Avon members joined Aave Labs, and financial terms were not disclosed.
Aave Labs acquired the team and technology behind Avon, a fixed-rate lending project, the company announced on November 6, 2026. The deal covers Avon's fixed-rate and floating-rate lending protocols, its onchain order book and related domains and assets, according to the announcement. Financial terms were not disclosed. Three Avon members are joining Aave Labs.
What Avon Brings to Aave
Avon built lending protocols with fixed and floating rates plus an onchain order book. Aave (AAVE) is one of the largest protocols among DeFi coins, and most of its markets use variable rates that move with utilization. The Avon team will first focus on fixed-rate lending, and the technology will keep being developed inside the Aave ecosystem, according to the Aave acquisition announcement.
Fixed rates let a borrower lock an interest rate for a set period, unlike variable-rate loans that reset with demand. A borrower who wants a predictable payment can pick a fixed term, while lenders get a rate that does not move with utilization. Aave lets users supply assets to earn interest and borrow against collateral, so fixed terms would bring its rates closer to a traditional loan.
Who Is Joining Aave Labs
Prince Sinha and Ayush Kaul are joining the Aave Labs engineering team, and Omar el-Ashaal is joining the business development team. The hires add protocol engineering and market-structure experience to the group behind Aave V4, whose markets already run on Ethereum, Base and Avalanche.
What Comes Next for Fixed-Rate Lending on Aave
Neither company gave a launch date for fixed-rate products. Borrowers on Aave today take variable-rate loans, and the Avon team will now build fixed-rate primitives for the same ecosystem. Aave Labs said the work continues the Aave V4 roadmap, which added collateral swaps across its markets this month. Traders can follow the market response on the Aave price chart.
Frequently Asked Questions
When Did Aave Acquire Avon?
Aave Labs announced the Avon acquisition on November 6, 2026.
What Did Aave Acquire from Avon?
Aave Labs acquired Avon's team and technology, including its fixed-rate and floating-rate lending protocols and its onchain order book.
What Is Avon in Crypto?
Avon was a lending project that built fixed-rate and floating-rate lending protocols and an onchain order book before Aave Labs acquired it.
How Does the Avon Acquisition Affect Aave Users?
Nothing changes for users yet. The Avon team will first work on fixed-rate lending inside the Aave ecosystem, and no launch date has been announced.
Who Joined Aave Labs from Avon?
Prince Sinha and Ayush Kaul joined the Aave Labs engineering team, and Omar el-Ashaal joined the business development team.
Sources
- Avon acquisition announcement · Aave
- Aave Labs acquires the Avon team and technology · Aave on X
- Aave Labs Acquires Avon for Fixed-Rate Lending · Crypto Briefing
Prices and market data: Coinranking.
