According to online reports, Aave Labs, the company behind Aave, announced the acquisition of Stable Finance, a San Francisco startup that focuses on simplifying online savings services. The acquisition brings Stable Finance founder Mario Baxter Cabrera and his engineering team into Aave Labs, and Cabrera will serve as product director to help build consumer-oriented DeFi products. Stable Finance is known for its mobile app, which allows users to deposit U.S. dollars or cryptocurrencies and earn interest through stablecoin income strategies, providing users with a single on-chain savings interface that hides the technical complexity of DeFi.