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Aave Labs Shuts Down Avara Brand and Family Wallet to Focus on DeFi

Feb 4, 20267:34 AMNewsroom AI

Aave Labs announced it is winding down the Avara brand and shutting the Family wallet as part of a refocus on core decentralized finance (DeFi) offerings, according to reports from MoneyCheck and Cointelegraph [1][2].

Avara said that “all current and future products” will be housed under Aave Labs, signaling a consolidation of branding and product lines under the main Aave Labs organization [2][3].

Despite the brand shutdown, outlets report that accounts tied to the Family wallet will remain as part of Aave’s core infrastructure rather than being abandoned, indicating the move is primarily a branding and organizational consolidation [3][4].

Multiple outlets report the decision reflects Aave Labs’ strategy to integrate Avara products into its main operations while preserving the underlying Family wallet infrastructure for users [1][2][3].

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