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Aave Labs Acquires Avon Team to Develop Fixed-Rate Lending
(2 hours ago) · 1 source · Summarized by CryptoBipto
Aave Labs has acquired the team behind Avon as part of an effort to build fixed-rate lending capabilities. The acquisition is an acqui-hire, bringing the Avon team's expertise into Aave Labs to expand its DeFi lending offerings.
WHY IT MATTERS
In traditional finance, when you take out a loan, you often get to choose between a fixed interest rate (which stays the same for the life of the loan) and a variable rate (which can go up or down).
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SOURCES
- theblock.co
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AAVEDeFiAaveFixed-Rate LendingAcquisitions
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