The network of blockchain companies and endeavors that Stani Kulechov founded has relaunched as Avara, according to his announcement.
Kulechov claims that Avara’s new goal to extend beyond DeFi by making Web3 available to “all users globally with different kinds of use cases” is reflected in the name change.
The group was formerly known as EthLend, but it changed its name to Aave when its goals evolved beyond what it had been called.
Additionally, Avara recently paid an unknown sum to acquire Los Feliz Engineering. The team behind Family is called Los Feliz Engineering, and among other things, they created the developer library ConnectKit and a mobile wallet that stores Ethereum tokens on its own.