Aave Adds Fixed-Rate Lending to Make Borrowing Costs More Predictable

Aave has added fixed-rate lending to its borrowing options, giving users a choice intended to make borrowing costs more predictable when lending rates fluctuate. Aave is a decentralized finance protocol that lets users borrow and lend cryptocurrencies.

The rollout extends Aave Labs’ effort to develop fixed-rate borrowing products. Aave Labs brought Avon’s lending systems and onchain order-book technology into its fixed-rate borrowing initiative. Avon’s group was initially assigned to work on fixed-rate lending.