Aave Shuts Down Avara and Retires Family Wallet as It Sharpens DeFi Focus
Aave, a decentralized finance protocol, is limiting its operations by discontinuing its Avara brand and Family Wallet product. Aave founder and CEO Stani Kulechov on X that the Avara umbrella, which previously included the Family crypto wallet and the now-defunct Lens social protocol, is being shut down.
The choice signals a planned shift in strategy to bring all initiatives under the Aave Labs name and accelerate the adoption of DeFi by the general public.
Kulechov , “Avara is no longer needed because we are going all in on bringing Aave to the masses.” The Family Wallet, an Apple iOS app that lets you keep your own money, will end in a planned way. begining on April 1, no new users will be able to sign up.
Existing users will still be able to use the app until April 1, 2027. During this time, users will still have full access to their funds, and they will eventually move to Aave’s main web infrastructure.
Kulechov talked about why they were shutting down the wallet and what they learned from trying to get new users to sign up.
He said, “The team has learned that onboarding millions of users needs specific experiences, like savings, instead of general, open-ended wallet experiences.” Family Accounts will not completely go away; they will still be an significant part of Aave Labs products, such as the new Aave mobile app.
From Diversification to Focused DeFi Execution
The movements are part of a largeger reorganization for Aave. Last month, the protocol stepped back from its role in Lens and became an advisor instead. Mask Network took over as the main custodian. The end of Aave’s multi-year drive into related verticals, such as decentralized social media and general-purpose consumer wallets, is marked by that change and the termination of Avara.
Avara also , “All current and future products, including the Aave App, Aave Pro, and Aave Kit, will operate under Aave Labs to simplify the brand.” The redesign places Aave Labs as a single team of designers, engineers, and smart contract specialists organized around one mission: “bringing DeFi to everyone.”
Context and Implications
core lending protocol is a cornerstone of DeFi, constantly ranking among the sector’s largest by total value locked. The protocol has processed trillions in volume and originated large loan activity since launch.
By eliminating peripheral branding and excellents, Aave hopes to simplify the experience for consumers and developers while sharpening resource allocation toward protocol improvements, mobile accessibility, and features that are more mainstream-friendly.
The statement arrives amid regulatory progress for the project, following the recent conclusion of a multi-year probe without enforcement action.
While the Family Wallet wind-down may harm a fraction of mobile-first consumers, the decision reinforces a pragmatic assessment: broad, general-purpose tools have proven less effective for mass adoption than specialized, -native experiences.
With Avara officially retired and Family Wallet on a defined exit path, Aave is set to double down on its core competencies in and borrowing infrastructure.
