Aave is winding down its Avara umbrella brand and phasing out the Family crypto wallet as it sharpens its focus on decentralised finance.
Founder and chief executive, Stani Kulechov said Avara is “no longer required as we go all in on bringing Aave to the masses,” confirming that all products will be consolidated under Aave Labs.
Kulechov said the iOS-based Family wallet is being retired after the team concluded that scaling to millions of users requires purpose-built products rather than general-purpose wallets.
The move follows Aave’s decision last month to hand stewardship of the Lens social protocol to Mask Network, reducing Aave’s role to an advisory position so it can prioritise DeFi.
“All current and future products, including the Aave App, Aave Pro, and Aave Kit, will operate under Aave Labs,”
The company said in a blog post, outlining the restructuring.
Aave said accounts linked to Family wallets will remain supported as core infrastructure, though no new users will be onboarded from April 1 and the app will be fully wound down by April 1, 2027.
The refocus comes as Aave remains the largest DeFi protocol with about $30 billion in total value locked, nearly $9 billion more than staking rival Lido, according to DefiLlama data.
At the time of reporting, Aave price was $127.56.