Share this article
Creators of DeFi Firm Aave Simplify Its Family Self Custody Wallet
Avara, the parent company of Aave, is allowing users of its Family Wallet to onboard with email or SMS, rather than messing around with seed phrases.
Updated Apr 2, 2025, 2:08 p.m. Published Apr 2, 2025, 1:00 p.m.
What to know:
- Family Wallet allows users to manage assets across various Ethereum Virtual Machine (EVM) networks, using passkeys, like fingerprint or face scans, tied to a user’s device.
- Avara has also released a ConnectKit function aimed at developers who want to integrate the Family Wallet
Avara, the parent company of decentralized finance (DeFi) platform Aave, has simplified its self-custody Family Wallet by replacing complicated seed phrases with emails and SMS, making wallet creation and recovery painless in a bid to onboard more users.
Family allows users to manage assets across various Ethereum Virtual Machine (EVM) networks, using passkeys like fingerprint or face scans, tied to the users’ device, Avara said in an emailed statement. Avara has also launched a new web dashboard for the Family Wallet where users can manage their account, as well as send, receive, and manage assets, the firm said.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Holders of digital assets are rightly skittish about leaving their crypto on exchanges or in anyone else’s custody, particularly after events like the collapse of FTX. That said, self-custody wallets place the full responsibility of key management on the user which can be intimidating for newcomers.
“For the past two years, we've been working on Family Accounts, a new feature where users that download the Family iOS application of the wallet can simply sign up with email or a phone number,” said Avara CEO Stani Kulechov in an interview.
Avara has also released a ConnectKit function aimed at developers who want to integrate the Family Wallet, Kulechov added.
Other seedless wallets in the market such as Zengo, Argent and Coinbase Wallet, use techniques like multi-party computation, secure enclaves, smart contracts and biometrics to do the job.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Stablecoin Adoption Is ‘Exploding' — Here's Why Wall Street Is Going All-In
Alchemy co-founder and president Joe Lau said stablecoin adoption is exploding as banks, fintechs and payment platforms push beyond the USDT/USDC exchange era.
What to know:
- Stablecoin usage is quickly broadening from crypto-native exchanges into payments, payroll and treasury as companies chase 24/7, digital-native settlement, according to Alchemy Co-founder and President Joe Lau.
- Banks are pushing tokenized deposits as a regulated, bank-native alternative that delivers stablecoin-like benefits for institutional clients.
- The endgame is a two-track system — stablecoins for open, two-party settlement; deposit tokens for bank ecosystems, until scale forces convergence and competition, Lau said.
Top Stories
