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,…
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