Avara, the parent company of the decentralized finance (DeFi) platform Aave, has enhanced its Family Wallet by allowing users to register using emails and SMS instead of complicated seed phrases, thereby simplifying wallet creation and recovery for new users.
The Family Wallet can manage assets across different Ethereum Virtual Machine (EVM) networks and employs biometric passkeys, such as fingerprint and facial recognition, tied to the user’s device, according to a statement from Avara. The company also rolled out a new web dashboard for the Family Wallet, ensuring users can easily send, receive, and manage their assets.
Additionally, Avara has introduced a ConnectKit feature designed for developers interested in integrating the Family Wallet.
Key Points:
- The Family Wallet supports management across various EVM networks.
- Users can onboard seamlessly with a smartphone or email.
Quote: “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,” explained CEO Stani Kulechov in an interview.
Translation: “Nous travaillons depuis deux ans sur les comptes familiaux, une nouvelle fonctionnalité.”
Self-custody wallets, while offering full control over keys, can intimidate newcomers, particularly after incidents like the FTX collapse. Other seedless wallets, including Zengo, Argent, and Coinbase Wallet, implement advanced techniques such as multi-party computation and biometrics for security.
