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 equity, aiming to strengthen Kraken's role in DeFi. This move is part of Payward's broader strategy to expand beyond crypto exchange services into DeFi and digital asset infrastructure. Despite past challenges from a major hacking incident affecting Aave, Kraken's investment signals confidence in the protocol's future and supports its ambition to grow in decentralized finance and institutional digital asset services.
Aave has deployed its latest V4 lending protocol on the Avalanche blockchain, marking the first time this version runs outside Ethereum. This launch extends Aave's new Hub and Spoke architecture to Avalanche, where older V3 markets already exist. Whi...
Aave has deployed its V4 lending platform on the Avalanche blockchain, marking its first expansion beyond Ethereum. This upgrade introduces a Hub & Spoke framework allowing decentralized liquidity sharing with independent risk management, aimed at su...
Aave DAO has proposed an innovative mobile app that integrates fiat currency deposits, self-custody, and decentralized finance (DeFi) lending in one platform. This app allows users to convert fiat to stablecoins and earn yields without needing extern...
Monad has increased its weekly incentives to $75,000 to support liquidity for Agora's AUSD stablecoin on its blockchain. AUSD is a US dollar-backed stablecoin managed by VanEck, with reserves in cash and US Treasury bills. This move follows Monad's r...
Aave has deployed its V4 lending protocol on Avalanche, marking its first expansion outside Ethereum. This launch focuses on institutional lending backed by tokenized real-world assets, using a new Hub and Spoke architecture to enable specialized cre...
