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Open source protocol for decentralised lending
Open for applications
Open source protocol for decentralised lending
21-100 employees
Open for applications
More information about location
21-100 employees
To build an open, decentralized, and self-governed internet that puts people first by creating tech that increases human connection and enables economic and social participation.
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To build an open, decentralized, and self-governed internet that puts people first by creating tech that increases human connection and enables economic and social participation.
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-14% employee growth in 12 months
Avara is a software technology company, known for its cutting-edge Web3 products built on blockchain technologies. Avara has crafted the highly resilient Aave Protocol, a decentralised, open-source, and non-custodial liquidity protocol.
One of Avara's distinctive features is its tokenisation of deposits, allowing users to earn interest in real-time as their deposits are transformed into tokens. Depositors contribute liquidity to pools, and borrowers can access this liquidity with variable and stable interest rate options. The Avara Protocol's commitment to community governance is further exemplified through initiatives like the Avara Grants DAO, a community-led grants program financing ideas from the Aave Protocol's community.
Avara's influence extends beyond its flagship protocol, as the company has expanded its portfolio to include transformative projects. Notably, Avara has introduced GHO, an algorithmic stablecoin aimed at revolutionising the stablecoin market by ensuring verifiability of reserves. Additionally, Avara has ventured into decentralised social networking with Lens, while strategic acquisitions of Sonar, a metaverse app, and the Family Crypto wallet underline its dedication to realising a people-powered internet that benefits all.
Kirsty
Company Specialist
Oct 2020
$25m
EARLY VC
Jul 2020
$7.5m
SEED
This company has top investors
Founders
Stani Kulechov
(CEO)Stani graduated from the University of Helsinki with a Master's in Law.
Diversity & Inclusion at Avara
Muna Gullam (People & Talent Partner )
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Software Engineering
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