Aave founder Stani Kulechov denied reports that Kraken was buying a 15% stake in Aave Group for $71 million at a 70% discount. He clarified that no AAVE tokens are being sold at such a steep discount and that revenues from the protocol go to the Aave DAO, not Aave Labs. While discussions about Aave Labs' AAVE holdings and partnerships continue, the reported valuation conflicts with Aave's strong $134 million annual revenue. Investors should watch for the upcoming Aavenomics 3.0 update, which includes an automated buyback mechanism, and any governance implications if Aave Labs formalizes deals with Kraken.
Kraken, through its parent company Payward Inc., is negotiating to buy a 15% stake in decentralized finance protocol Aave for about $71 million, valuing Aave at $385 million. The deal involves Kraken investing 35,000 Ether for 250,000 AAVE tokens and...
Kraken is negotiating to acquire a 15% stake in Aave Group, valuing the DeFi protocol at $385 million. The deal involves Kraken investing 35,000 ETH (about $31 million) for AAVE tokens and equity, marking a strategic move to expand beyond its core ex...
Kraken is negotiating to acquire a 15% stake in decentralized finance lender Aave, valuing the company at $385 million. This move follows Aave's recovery from a major exploit in April that caused billions in withdrawals despite no direct hack on Aave...
AAVE surged over 15% breaking a multi-week resistance level, driven by growing activity on its DeFi protocol. The platform generated over 50% of all decentralized lending fees in the past month, with network fees hitting $40.69 million. USDT deposits...
Aave (AAVE) has surged 17% from its recent low, reaching around $82 and testing a nine-month descending trendline resistance near $85-$88. This rebound was driven by renewed buying, short-covering, and increased stablecoin inflows, signaling growing ...
