Aave Companies is rebranding to Avara

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

article-image

Satheesh Sankaran/Shutterstock modified by Blockworks

share

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.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (3).png

Research

Pear Protocol has proven its market fit through its pair-trading infrastructure, sustaining consistent trading activity despite recent headwinds. Its strategic pivot toward Hyperliquid integration represents a major growth catalyst amid industry consolidation. While short-term token unlocks present challenges, current valuations and liquidity conditions may offer compelling opportunities for investors.

article-image

A wireless network inspired by lost drones is now helping telco carriers reach your phone indoors

article-image

The ETH products have notched $3.6 billion of net inflows from July 1 to July 22, Farside Investors data shows

article-image

With these levies, it’s cheaper for Japanese manufacturers to send cars to the US than it is for domestic makers to import parts from other countries

article-image

Blockchains, when done right, are built to last forever

article-image

A Barnes & Thornburg survey shows that the regulatory clarity for crypto is leading to an uptick in interest from investment professionals