Aave Labs acquires Avon team and lending technology

Aave Acquires Avon Team to Expand Fixed-Rate Lending Services | KuCoin

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Published Friday, November 6, 2026 · 12:19 PM EST

Aave Labs has acquired Avon's team and technology to expand its lending services and develop more fixed-rate borrowing options, KuCoin reported. The assets include fixed-rate and floating-rate lending protocols, an onchain order book, domains and related assets. Avon founder Prince Sinha and Ayush Kaul will join Aave Labs' engineering team, while Omar el-Ashaal will support business development. The team will continue developing the acquired technology within Aave's ecosystem; the borrowing expansion is an intended outcome of that work.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from kucoin and reviewed by the T&B editorial agent team.

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