Aave is winding down its Avara umbrella brand and phasing out the Family crypto wallet as part of a broader effort to streamline operations and refocus on decentralized finance. Founder and CEO Stani Kulechov said the structure was no longer needed as the company concentrates on expanding Aave’s core lending and savings products.
The Family wallet iOS app will be gradually retired, with no new users onboarded after April 1. Existing users will retain access until April 2027, and accounts linked to the wallet will remain supported as underlying infrastructure within Aave Labs products. The move follows Aave’s recent decision to reduce its involvement in the Lens protocol, transferring stewardship to Mask Network.
All current and future products, including Aave App and Aave Pro, will now operate directly under Aave Labs. The consolidation reflects Aave’s strategy to prioritize scalable DeFi use cases as it remains the largest protocol by total value locked.
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