Aave Labs has purchased the engineering crew and assets of Avon to help integrate fixed-rate borrowing into its decentralized lending ecosystem.
The purchase features Avon’s fixed-rate and floating-rate borrowing protocols, a decentralized order book, web domains, and associated property, as noted in an announcement provided to The Block on Friday. Monetary conditions were kept private.
Under the agreement, Prince Sinha and Ayush Kaul will become part of Aave Labs’ technical staff, whereas Omar el-Ashaal will step into the business development group as an associate.
Stani Kulechov, CEO of Aave Labs, stated, “Aave’s goal is to bring the best of finance to everyone, and that means offering the kinds of products users already rely on, including fixed rates.” He added, “The Avon team have spent time working on some of the hardest problems in onchain lending, and they will help us bring Aave to institutions, fintechs, and everyday users around the world.”
Established by Sinha, Avon created borrowing markets centered around fixed and variable rates, alongside an order book tailored for modern blockchain lending frameworks. Additional work by the firm covered interest-rate valuation, risk containment, and credit market architecture.
Aave noted that the incoming Avon members will first concentrate on fixed-rate borrowing while the platform broadens its selection of loan options for participants.
The announcement also highlighted that Aave stands as the biggest decentralized credit network, holding upward of $30 billion in total deposits and exceeding $12 billion in outstanding loans.
Originally published at https://www.theblock.co/news/business/2026-11-06-aave-labs-buys-avon-team-in-fixed-rate-lending-push-435901.
