According to The Block, Aave Labs acquired the team and technology behind Avon, an onchain protocol that supports both fixed-rate and floating-rate lending. The acquisition reflects Aave Labs’ strategic focus on expanding its lending capabilities with a dedicated emphasis on fixed-rate offerings. Avon operated as an independent onchain protocol prior to the acquisition. No further details were provided regarding terms, timing beyond the announcement date, or integration plans. The move aligns with Aave Labs’ ongoing development of lending infrastructure within the protocol ecosystem.
