THE BLOCK · 2026-11-06 15:00 UTC

Aave Labs buys Avon team in fixed-rate lending push

Aave Labs has acquired the team and technology behind Avon, including its fixed- and floating-rate lending protocols, an onchain order book, domains and related assets. Financial terms were not disclosed; Avon founder Prince Sinha and Ayush Kaul will join Aave Labs' engineering team. Aave says it has more than $30 billion in deposits and over $12 billion in active loans, and the Avon team will initially work on fixed-rate lending.

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