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 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...
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 ...
