Contents and sources 1 sections
Key points
- The Avon team will continue developing lending technology within the Aave ecosystem.
Team and technology acquisition
Aave Labs announced on November 6 that it had acquired the team and technology behind Avon. The acquisition includes fixed- and floating-rate lending protocols, an onchain order book, domains and related assets. The team will continue developing the technology within the Aave ecosystem.[1]
Prince Sinha and Ayush Kaul will join Aave Labs’ engineering team, while Omar el-Ashaal joins business development. Aave Labs said the team and technology would help develop capabilities including fixed-rate lending. The announcement did not give a launch date for new products.[1]
Sources & further reading
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