Aave founder Stani Kulechov announced the gradual closure of the Family iOS wallet app to concentrate on Aave's core decentralized finance (DeFi) services. Despite the app's shutdown, Family Accounts will remain integral to Aave's infrastructure, supporting its applications and user growth. The decision follows Aave's 2023 acquisition of the Family team, highlighting a strategic shift towards providing tailored DeFi experiences over general-purpose wallet solutions.