Aave Labs buys Avon team and tech in fixed-rate lending push

Aave Labs has acquired the team and technology behind Avon, an onchain lending protocol that supports both fixed-rate and floating-rate loans. The deal brings Avon's builders in-house as Aave pushes into fixed-rate lending, a segment where predictable borrowing costs could attract more institutional and long-duration capital. Traders in AAVE should watch whether the integration expands Aave's product range and fee base, though no financial terms were disclosed.