Aave Labs acquisition of Stable Finance expands consumer on-chain savings business

On October 23, Aave Labs announced the acquisition of San Francisco-based startup Stable Finance, which focuses on simplifying on-chain savings services. Stable Finance founder Mario Baxter Cabrera and his engineering team will be incorporated into Aave Labs, with Cabrera serving as the Product Director to assist in building consumer-facing DeFi products. Aave Labs founder Stani Kulechov stated that this acquisition reinforces the company's goal of transforming on-chain finance into everyday finance. Stable's technology will be integrated into future Aave Labs products, while its existing applications will be gradually phased out.

AAVE5.87%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)