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

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

article-image

Crypto is still on a mission — and still needs users

article-image

After its first phone drew jeers from a popular tech YouTuber, Solana Mobile delivered on its newest device

article-image

Markets strongly suspect that committee members will make the first interest rate cut of 2025

article-image

After four days of deliberation, the jury found Roman Storm guilty on Wednesday of one federal count

article-image

Pendle’s new platform transforms perp funding into tradable yield units — paving the way for a full-stack onchain fixed-income ecosystem

article-image

9.6% of crypto industry employees were paid in crypto, and most opted for USDC and USDT