Aave Labs acquires Avon team to build fixed-rate lending

Aave Labs acquired Avon’s team and technology on Nov. 6, 2026, to develop fixed-rate lending for Aave; the price was not disclosed. The Aave Labs announcement says the deal brings in Avon’s fixed-rate and floating-rate protocols and an onchain order book, a system for matching lending offers and requests.

The acquisition adds people and tools for building new loan options, but it does not announce a launch date or say that Aave users can take fixed-rate loans now. The Block reported the deal terms and team moves, and said Avon’s team will initially work on fixed-rate lending.

What did Aave get from Avon?

Aave acquired Avon’s lending protocols, order book, domains and related assets. Avon had worked on fixed- and floating-rate lending markets and on tools for pricing interest rates and isolating risk, according to Aave’s announcement.

Three Avon staff are joining Aave Labs. Founder Prince Sinha and Ayush Kaul will join its engineering team, while Omar el-Ashaal will join business development as an associate, the company said.

Aave says the Avon team will keep developing the technology within the Aave ecosystem. Its work is meant to help expand the kinds of loans available through Aave’s network and products, which the company says serve individual users, institutions and fintech partners.

What could fixed rates change for borrowers?

A fixed rate keeps a loan’s interest rate unchanged for an agreed period, giving a borrower more certainty about borrowing costs during that time. That differs from a floating rate, which can change; Avon built technology for both types of lending.

For Aave, the order book and Avon’s rate-pricing work offer tools for building markets around loans with set rates. But the announcement does not explain how Aave would set those rates, what loan periods it might offer, or what collateral borrowers would need.

There is no published price for the acquisition, and the sources do not disclose any user fees or borrowing rates for a future Aave product. Those details matter to borrowers deciding whether a predictable rate is worth the cost and terms on offer.

When can Aave users try the new lending?

Aave has not announced when fixed-rate lending will be available, which assets it will cover, or whether users will need to access it through a particular product. The acquisition adds capability and staff; it is not itself a launch.

Aave said its network had more than $33 billion in deposits and more than $13 billion in active loans at the time of its announcement. Those figures describe the existing network, not the size or expected demand for a future fixed-rate market.

The next signal to watch is a product announcement with rates, loan terms, collateral rules and an availability date. Until Aave publishes those details, users have no confirmed fixed-rate offer to compare with existing borrowing options.

Source material

• Aave Labs announcement — aave.com
• reported the deal terms and team moves — theblock.co