TLDR
- Aave Labs acquires Stable Finance to strengthen user-friendly DeFi savings.
- Stable founder Mario Baxter Cabrera joins Aave Labs as Director of Product.
- Stable Finance app will be phased out and merged into future Aave tools.
- Aave’s third talent-focused acquisition follows Sonar in 2022 and Family in 2023.
Aave Labs, the team behind the decentralized finance platform Aave, has acquired Stable Finance, a startup focused on simple, mobile-based onchain savings. The move brings Stable’s founder Mario Baxter Cabrera and his team into Aave Labs. The deal is part of Aave’s broader strategy to make onchain finance easier to access through user-friendly tools and consumer-facing products.
Aave Labs Strengthens Its Consumer Strategy with Stable Finance Acquisition
Aave Labs confirmed the acquisition of Stable Finance, a San Francisco-based startup that builds mobile-first DeFi products. The startup is known for its app that helps everyday users earn yield on crypto and dollar deposits using stablecoin strategies. The platform simplifies how users interact with decentralized finance by hiding complex technical steps and offering a single mobile interface.
The financial details of the deal were not shared. However, the acquisition is part of Aave Labs’ plan to grow its reach among everyday users by building tools that are easier to use. Aave Labs will phase out the current Stable Finance app and integrate its features into upcoming Aave products. These tools will be designed to support mainstream use of decentralized savings and lending.
Key Talent Joins Aave Labs Product Team
As part of the acquisition, Stable Finance founder Mario Baxter Cabrera joins Aave Labs as Director of Product. He brings with him his engineering team, who will work on new tools for users of Aave and other products under the Aave Labs brand. This includes work on expanding Aave’s current platforms such as Aave.com and Horizon.
Cabrera’s background in building consumer apps will help Aave Labs improve its product design. The company has been focused on adding talent through acquisitions, having previously acquired Sonar in 2022 and Family in 2023. These earlier deals also brought in teams with experience in user interface and mobile design.
Consumer DeFi Focus Continues with Horizon and Beyond
Aave Labs has stated that its goal is to turn “onchain finance into everyday finance.” Founder Stani Kulechov said in a statement that the addition of Stable Finance’s team and technology supports this mission. Aave Labs currently offers several platforms, including Aave.com and Horizon. Horizon is an institutional platform launched in August that now holds over $300 million in deposits.
By adding features from Stable Finance into its ecosystem, Aave Labs plans to improve access for users who may not have experience with DeFi tools. Stable’s mobile app was built to make stablecoin savings easy to use, offering interest-earning strategies through a simple interface. That experience is now being redesigned into new Aave Labs tools for retail users.
Mobile Simplicity at the Center of the Strategy
The Stable Finance app gave users access to yield on deposits without requiring them to manage wallets or navigate complex protocols. This mobile-first design helped new users start saving with crypto-backed stablecoins without deep technical knowledge. The approach matched Aave’s goals of making DeFi more accessible to the average person.
Though the original Stable Finance app will be phased out, its core ideas will continue within Aave’s new product roadmap. The combined teams are now working on updated tools that keep things simple while still using the power of DeFi. This includes creating products that help users earn yield in a few taps, similar to traditional savings apps but powered by blockchain protocols.
The acquisition continues Aave Labs’ focus on making decentralized financial tools more practical for everyday use.
