Creators of DeFi Firm Aave Simplify Its Family Self Custody Wallet

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CoinDesk 2d ago

Creators of DeFi Firm Aave Simplify Its Family Self Custody Wallet - CoinDesk

Quick Summary:

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.

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.

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.