Aave Labs Acquires Stable Finance to Expand DeFi Access

Aave Labs, the team behind the Aave lending protocol, has acquired Stable Finance, a San Francisco-based fintech startup, according to an Oct. 23 press release.

The deal brings Stable Finance founder Mario Baxter Cabrera into Aave Labs as Director of Product, along with the company’s full engineering team. Aave currently has more than $38 billion in total value locked (TVL), making it the largest DeFi protocol, per DeFiLlama.

The acquisition highlights Aave Labs’ shift beyond core protocol work toward making decentralized finance (DeFi) more accessible. The team says that, even with strong infrastructure, onboarding and user experience still make DeFi difficult for many users.

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