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Aave's parent company has rebranded as Avara. AAVE maintains an upward trajectory, as alt's price has grown by almost 45% in the last month.

The blockchain technology enterprise Aave Companies, recently rebranded as Avara, is still navigating challenges in stabilizing its stablecoin GHO, which is currently struggling to sustain its desired $1 peg. The project's Liquidity Committee is actively working on strategies to strengthen the stablecoin, aiming to elevate its value above $0.985 by November 30, 2023.

Avara is hoping to create extensive access and usability for blockchain technology.

The company formerly known as Aave Companies has embarked on a fresh chapter, rebranding itself as Avara, drawing inspiration from the Finnish term meaning 'spacious.'

Avara, formerly known as Aave Companies, has undergone a significant transformation, including a rebranding effort and an acquisition that strengthens its position in the blockchain and web3 space. The company has unveiled its new identity as Avara and has acquired Los Feliz Engineering, a prominent web3 software development startup based in Los Angeles.

Leading Decentralized Finance (DeFi) lending protocol Aave has officially rebranded to Avara as it makes a concerted effort to expand its user base across the Web3.0 ecosystem. Avara Targets Broader Web3 Userbase Avara is a Finnish word that has a couple of meanings including “extensive,” “open,” “spacious” and “inclusive.

Founder Stani Kulechov said the name change does not affect Aave as a lending protocol and that its latest acquisition focuses on propelling mass web3 adoption.

The move marks Avara's second acquisition, following the purchase of web3 social gaming app Sonar in December 2022.

The blockchain infrastructure company behind open-sourced liquidity protocol Aave has rebranded from Aave Companies to Avara.

Liquidity protocol Aave's parent company has been rebranded to Avara as it looks to streamline its suite of infrastructure products to attract a broader Web3 user base.

DeFi lending protocol Aave is a popular candidate for “forking,” whereby developers take open-source code and launch a spinoff.

Aave, the decentralized lending protocol, has successfully resumed its operations after facing security vulnerabilities earlier this month.

In response to a recently discovered security vulnerability earlier this month, Aave has successfully navigated the challenges, with its version 2 and 3 markets now back in full swing.

Aave V3 markets are unpaused, resolution reached after temporary measures. Aave V2 Ethereum to be unpaused tomorrow.

The open source protocol spearheaded by DeFi giant Stani Kulechov has released a bevy of new monetization features.

All Aave v2 markets are now operational, the team behind the non-custodial liquidity protocol announced in a November 13 post on X. This a day after v3 markets were unfrozen following the approval from the community.

Users and traders can no longer create new GHO stablecoins by minting, but they still can be purchased on secondary markets, says the top Aave contributor.

Decentralized lending protocol Aave has successfully recovered from a security vulnerability that came to light on November 4th. Both Aave version 2 and version 3 markets have been unpaused and have resumed standard functions.

Web3 software technology firm Aave Companies launched Lens protocol V2 on Polygon during the Devconnect event in Istanbul.

Aave said its V2 and V3 markets are operational after a temporary pause earlier in the month due to security concerns. The lending protocol reopened operations on its V2 protocol earlier today, Nov. 13, saying: “All Aave V2 markets are now operational.

Last week, whale addresses purchased over $58 million worth of Aave (AAVE), Ethereum (ETH), Arbitrum (ARB), and Pepe (PEPE) amid the ongoing market surge.

Aave v3 markets have returned to normal operations after they were paused due to a security vulnerability.

A massive whale makes waves in Aave, driving record accumulation. Aave's meteoric price surge and the shifting derivative market sentiment underscore the token's dynamic move.

In a collective effort by Aave contributors and web3 developers, a groundbreaking proposal has been unveiled to address vulnerabilities discovered in two versions of the largest decentralized finance (DeFi) lending protocol, leading to the temporary halt of select markets.