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Nov 6, 2026

Aave Labs acquires Avon team to develop fixed-rate lending

Aave Labs acquired the Avon team, including its lending protocols and onchain order book, to develop fixed-rate lending products, though no first market or launch date has been announced.

Nov 6, 2026·4 sources

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Top claims

▪Aave Labs said in its acquisition announcement that the Aave protocol held over $30 billion in deposits and over $12 billion in active loans at the time of the November 6, 2026 Avon acquisition announcement
▪Avon founder Prince Sinha and Ayush Kaul joined the Aave Labs engineering team following Aave Labs' acquisition of Avon's team and technology on November 6, 2026
▪Babylon submitted a governance proposal on October 14, 2026 to add native Bitcoin collateral to Aave V4 using Trustless Bitcoin Vaults

Topics

DeFi lending Lending & borrowing DeFi

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