Wu says that Aave founder Stani Kulechov announced the gradual shutdown of the Family iOS wallet, but Family Accounts will continue to support the Aave App as infrastructure. Stani stated that attracting millions of users requires "dedicated experiences" like savings, rather than generic open wallets. Additionally, as part of a strategic adjustment, the parent company brand Avara will no longer be used. The Family team was acquired in 2023 and previously led the rebranding of the Aave brand and the design of Aave Pro.
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Wu says that Aave founder Stani Kulechov announced the gradual shutdown of the Family iOS wallet, but Family Accounts will continue to support the Aave App as infrastructure. Stani stated that attracting millions of users requires "dedicated experiences" like savings, rather than generic open wallets. Additionally, as part of a strategic adjustment, the parent company brand Avara will no longer be used. The Family team was acquired in 2023 and previously led the rebranding of the Aave brand and the design of Aave Pro.