Stani Kulechov, the founder of DeFi lending protocol Aave, posted on X that Aave has acquired the startup Avon XYZ. He highlighted that three leading figures in on‑chain credit, 0xPrince, CryptographicAS, and Serayush, have already joined Aave’s protocol team. According to Kulechov, these experts have shipped several Aave Improvement Proposals (AIPs) and will help build the next generation of fixed‑rate lending on Aave V4. The acquisition signals Aave’s push to deepen its credit infrastructure, a key differentiator as the market seeks more predictable borrowing rates and broader institutional adoption.

“Aave acquired @avon_xyz. @0xPrince, @cryptographicas, and @serayush are among the best minds in onchain credit and fixed-rate lending. They've already joined forces with our protocol team to build the future of onchain credit on Aave V4. The team is truly goated. They've already shipped several AIPs, and they're just getting warmed up.”

— Stani Kulechov (@StaniKulechov) on X · X ↗

Stani Kulechov is not affiliated with COINMAG. The quote comes from a public post on X; the context was written by the COINMAG newsroom.