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DeFi Specialist Aave Labs Acquires Stable Finance, Expands Consumer Access to Onchain Savings
Yahoo Financeยท 2025-10-23 14:10
Core Insights - Aave Labs has acquired Stable Finance, a startup focused on simplifying onchain savings for users, although the financial terms of the deal remain undisclosed [1] - The acquisition aims to enhance Aave's consumer-facing DeFi products by integrating Stable's technology and bringing its founder, Mario Baxter Cabrera, on board as Director of Product [1][4] - Aave Labs is committed to making onchain finance accessible to everyday users, as highlighted by the success of its institutional platform, Horizon, which has attracted over $300 million in deposits since its launch [3] Company Developments - Stable Finance is recognized for its mobile app that allows users to earn interest on deposits through stablecoin yield strategies, simplifying the technical complexities of DeFi [2] - The existing Stable Finance app will be phased out as its technology is integrated into future Aave Labs products, marking Aave's third talent-focused acquisition in recent years [4]