Prince (@0xPrince)

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Big milestone: @aave has acquired Avon’s technology and our team is joining Aave.

I started @avon_xyz to rethink how credit is priced and how liquidity and risk are managed, with the aim of bringing the depth of global credit markets onchain.

Together with Aave, we can take this further.

Huge thanks to @serayush, @cryptographicas, @saurabh_evm, and @mihir_1101. None of this happens without you.

And thanks to everyone who backed us early, especially @robotventures, @FigmentCapital, and our angels.

DeFi will win.

Prince @0xPrince 4d

Happy Diwali 🪔

Prince @0xPrince 5d

Saurabh has been an incredible part of Avon's journey. One of the most hardworking engineers I've had the pleasure of building with.

Grateful for everything we've built together. Wishing you the best for what's ahead 🙌

Saurabh ∎ Verified account @saurabh_evm 6d

Incredibly proud to have been part of @avon_xyz and to have worked alongside such an exceptional team.

A team of absolute OGs with an incredible depth of defi, conviction, and execution. The opportunity to learn from some of the brightest minds in DeFi, contribute to ambitious ideas, and build at the frontier of onchain finance has been truly invaluable.

Grateful for the journey, the people, and everything we built together. A well-deserved milestone. Excited to see this next chapter unfold with @aave.

DeFi will win.
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Prince @0xPrince 5d

When I started @avon_xyz, I knew there was one person I could always count on. No matter what I reached out for, Ayush never said no.

It’s hard to put into words how much he’s contributed to Avon. Excited for this next chapter together and continue building great things!

Ayush Verified account @serayush 6d

Proud and genuinely happy to share this next chapter. For the past two years, We've focused on building the most capital-efficient defi protocol for borrowers.

The best way to get there is to build it with Aave on V4. Same mission, much bigger reach.

Huge thanks to @0xPrince @cryptographicas @saurabh_evm @mihir_1101 for everything we built together, and to everyone who used, tested, and supported us. Excited for what's next with @aave 👻
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Prince @0xPrince Sep 24

There is a lot I disagree with in this piece.

Vaults are not a “necessary complement” to lending markets. There are many ways to coordinate and aggregate liquidity without giving discretionary allocation power to curators.

The Midnight example especially doesn’t make sense to me. Fixed rate markets can be built in many different ways. If a market needs a curator to decide which rates, maturities and risks users should be exposed to, while the curator has little skin in the game and depositors ultimately bear the losses, I would argue that’s a bad market structure, not a reason why vaults are necessary.

A vault here doesn’t solve the problem. It just abstracts it away from the user.

I’m not saying vaults themselves are bad. They can be useful for passive users, especially when allocation follows predefined rules and can be automated without requiring discretionary risk decisions from a curator.

But discretionary vaults are not necessary for coordinating lending markets, fixed-rate or otherwise.

Paul Frambot 🦋 Verified account @PaulFrambot Sep 24

x.com/i/article/2103…
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Prince

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