Aave is consolidating its operations under the Aave Labs brand and will retire the Avara brand and the Family iOS wallet. The Family iOS wallet will stop onboarding new users on April 1 and will remain accessible to existing users until April 2027, after which those accounts will transition to Aave infrastructure. All current and future Aave products will operate exclusively under the Aave Labs name.
In the six months leading up to Aave’s consolidation under Aave Labs, the organization encountered significant governance challenges. These included accusations of governance manipulation and disputes over asset ownership. A pivotal moment occurred in December when Stani Kulechov purchased around $10 million in AAVE tokens ahead of a controversial voting process. This acquisition attracted criticism due to concerns that it was intended to boost voting power rather than signify a long-term commitment. Additionally, Aave Labs faced backlash for unilaterally pushing a brand-ownership proposal to a vote without notifying the original author, escalating tensions within the community.
Significant concentration of voting power was also evident, with the top three wallets controlling over 58% of the voting rights, and the largest wallet alone holding more than 27%. These governance issues played a critical role in the strategic consolidation decisions implemented by Aave Labs.
Recent developments within the Aave ecosystem include significant regulatory and operational updates. In December, the Securities and Exchange Commission concluded a multi-year investigation into Aave without pursuing any enforcement action. Additionally, Aave secured authorization under the Markets in Crypto-Assets (MiCA) regulation in Europe, signifying compliance with regional standards.
Operationally, the Aave ecosystem underwent structural changes as the Lens Protocol was transferred to Mask Network in January. This transition involved the movement of all Aave functions, including intellectual property, chain infrastructure, and social media accounts. However, the Lens Protocol will continue to operate as a permissionless infrastructure, maintaining its open and decentralized nature while being managed under the Mask Network umbrella.
All current and future Aave products will operate exclusively under the Aave Labs brand. As part of that consolidation, Aave will shut down the Avara brand and retire the Family iOS wallet. Family Accounts will continue to power the Aave App’s infrastructure within the consolidated setup, and the Aave ecosystem includes products such as Aave App, Aave Pro, Paraswap, and CowSwap. Aave Labs is also preparing for the launch of Aave V4.
The move centralizes product development and branding under Aave Labs. Affected products and infrastructure will be transitioned into the unified Aave Labs product portfolio.
Aave has consolidated its ecosystem under the Aave Labs brand, retiring certain brands and products while continuing to provide decentralized finance services on a unified infrastructure. The reorganization centralizes product development, branding, and operational functions within Aave Labs. Existing services and integrated components will continue to operate within that consolidated framework.
