Aave Companies is rebranding to Avara

The Aave protocol developer is changing its name and acquiring the self-custody wallet service Family


Satheesh Sankaran/Shutterstock modified by Blockworks


The blockchain infrastructure company behind open-sourced liquidity protocol Aave has rebranded from Aave Companies to Avara. 

Inspired by a Finnish word that translates to ‘spacious,’ Avara will oversee existing portfolio brands, including liquidity protocol Aave, decentralized social media protocol Lens, and stablecoin GHO, among others. 

The Aave brand will continue under the umbrella of Aave Labs, and no changes will be made to the Aave protocol’s native token (AAVE).

Aave on Ethereum has an estimated total value locked (TVL) of $9.2 billion, split between Aave V2 with over $4 billion and Aave V3, which launched on Ethereum mainnet last January, has a TVL of over $5 billion, DeFiLlama shows. This makes the Aave protocol one of the largest DeFi protocols to date. 

As part of the announcement, Avara reveals that it has also acquired Los Feliz Engineering (LFE) — the team behind the self-custody Ethereum wallet Family — in conjunction with its latest rebrand. 

This acquisition will see the entire LFE team become part of Avara, with Benji Taylor, the founder of the company, stepping into the position of senior vice president of product and design. 

“Our wallet will continue to grow and improve under Avara, while maintaining its unique brand and features,” Taylor wrote in a blog post announcing the acquisition.

ConnectKit, Family’s popular developer library that enables wallet-to-dapp connectivity, will also be part of the acquisition. Developers who use the tooling can continue using its services without interruption, as part of the acquisition.

Specific terms of the acquisition were not disclosed. 

Avara confirms that there will be no strategic changes for the company other than the latest rebrand and acquisition, and that it remains committed to the decentralized finance and Web3 space.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

MON - WED, MARCH 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience:  Attend expert-led panel discussions and fireside chats  Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts   Grow your network […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research



Akash is a general-purpose compute platform with GPUs, storage, LLM training or inference, and validator hosting through its two-sided marketplace.


The SEC could allow half a dozen or more such funds to launch at once, Ark Invest CEO says


2023 saw a decline in a16z crypto funding, but the behemoth VC firm teased what it’s excited for next year


“Iran Unchained” launched a new version of its grant platform to make donations to activists easier


The stablecoin marks the first time a regulated European bank has made a euro-pegged stablecoin available on a crypto exchange


Build it and they will come, perhaps, but making crypto easier to use is turning out to be just as important


Amid moves by Itau Unibanco and Nubank, the country could serve as “a proof of concept” for TradFi-crypto integrations, industry research exec says