Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Announce it The founder of Eve, Stani Kulichov, said that the DeFi process will begin to eliminate the Family Wallet on iOS next year and leave the Avara umbrella brand as the company consolidates its activities under the umbrella of Eve Labs.
The strategic retreat comes from Asset portfolio Consumerism is the result of the bet that many users adopt digital currencies using focused currencies (Follow Ethereum news), such as saving and borrowing, rather than spending more money.
Family will stop signing up new users from April 1, while existing customers will be able to use the app until April 2027 before migrating to AVI products.
This is coming Change A few weeks later, Eve transferred responsibility for managing the Lens Protocol network to Musk’s network, completing a major cutback after years of ecosystem growth and infighting.
Purpose-built products replace the open source method
This idea reflects what we have learned from trying to attract millions of users through different marketing methods, said Kulichov.
“Along the way, we’ve learned that attracting millions of users requires purposeful experiences, like depositing, rather than a simple, open wallet.“As mentioned in the ad.
The Family team, which Avara bought in 2023 for their design expertise, has supported work on several Eve products, including Eve Pro, the mobile app, and the protocol version.
According to Company announcementTheir core technology, Family Accounts, will continue to support the authentication and functionality of the Eve wallet rather than as a standalone app for consumers.
Existing Family users will be able to store all their money through accounts.aave.com using their credentials, although limited functionality will be limited to account access and withdrawals only.
Kulichov stressed that the infrastructure management system helps “A simple user journey, strong security, and a clear environment, while maintaining user control and overall revenue control.“
The merger comes in the wake of a flurry of dominance and domestic success
The brand’s merger comes after a tumultuous six months in which Eve faced allegations of corruption in the administration and disputes over property ownership.
In December, Kulichov bought $10 million worth of AAVE tokens ahead of the controversial vote, leading critics, including DeFi scholar Robert Mullins, to say the move was a bid to boost voting power rather than a long-term commitment.
The public controversy grew when Eve Labs proposed a vote on the ownership of the brand without informing its author, Ernesto Boado of PGD Labs.
Aave Labs inconsistently pushed brand ownership to vote without the author’s knowledge, escalating the power struggle over asset management and cost reduction.#Dao #Mzimhttps://t.co/2uRM8QM6Jy
– Cryptonews.com (@cryptonews) December 22, 2025
“This is not, in spirit, my opinion,Boadu said, adding that Eve Labs “I broke all the rules of public trust“In the rush to express those ideas in a discussion that was beneficial to the forum.
Supporters have expressed concern that other product decisions, including the ParaSoap reform and the KasoSoap merger, have diverted $10 million a year from the DAO’s and private sector funding.
Mark Zeller of the Eve Chan Initiative said that the DAO paid for the brand’s assets.Four times“Through the sale of LEND’s natural token, dilution, mining program, and service providers’ fees.
The graphic data showed that the top three bags control the voting power of more than 58%, since they have … A digital wallet The largest is more than 27%, raising concerns about whale management and environmental conflicts.
Despite the internal conflict, Eva gained regulatory clarity when the US Securities and Exchange Commission ended its multi-year investigation without recommending action in December, ending nearly four years of uncertainty, and it also received approval under MiCA in Europe.
Transferring the Lens protocol to Musk’s network in January represented another step in Eve’s integration process.
Kulichov emphasized that “All functions are transferred to Mask,“Combining intelligence, infrastructure, and social media accounts, while Lens remains open and unlicensed.
Eve is still one of the elders Decentralized money platform In terms of total value closed, more than $ 45 billion in October.
The Estonian-born, Finnish-raised developer, who recently bought a £22 million home in London’s Notting Hill, plans to launch the Eva V4.
All current and future products will now operate under the Eve Labs brand as the company looks at what it has”Creating awareness of the Eve brand and introducing DeFi to millions of new users around the world.“
A note Aave goes to DeFi, closing Avara and Family Wallet appeared for the first time Cryptonews Arabic.
