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Aave Labs is ceasing its Avara brand to refocus on its decentralized lending protocol. Founder Stani Kulechov presented a roadmap indicating that decentralized finance (DeFi) could utilize $50 trillion in tokenized abundance assets by 2050.

He asserts that the future growth of DeFi will come from real-world assets tied to productive activities rather than traditional scarce assets. Currently, $25 billion in real-world assets have been tokenized, primarily from conventional assets.

Kulechov highlights that solar energy could represent a significant portion of this market. The closure of Avara, which included projects like the Family crypto wallet, aligns with Aave's commitment to enhancing accessibility in DeFi.