# Aave Labs Acquires Avon Team to Develop Fixed-Rate Lending

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/51557
Published: 2026-11-08T11:23:13.000Z
Updated: 2026-11-08T11:23:13.000Z
Section: Business

> The deal includes Avon’s fixed- and floating-rate protocols, an onchain order book and related assets; terms were not disclosed.

Aave Labs has acquired Avon’s team and technology, bringing lending protocols and an onchain order book into its effort to offer fixed-rate borrowing products to users and institutions.

Terms were not disclosed. Avon founders Prince Sinha and Ayush Kaul will join Aave Labs’ engineering team, while Omar el-Ashaal will join its business development team. The Avon group will initially work on fixed-rate lending.

Aave Labs CEO Stani Kulechov said fixed-rate products are among the financial services the company aims to offer. He said the Avon team would help Aave expand its reach among institutions, fintech companies and everyday users.