Aave founder Stani Kulechov denied reports that the protocol would sell AAVE tokens at a 70% discount, clarifying that any talks with Kraken about buying a stake involve existing allocations held by Aave Labs. He emphasized that all revenue from the Aave protocol and its GHO stablecoin flows directly to AAVE token holders, rejecting any notion of cheap token sales. Kulechov also announced plans for automated AAVE buybacks under the upcoming Aavenomics 3.0, extending a current program authorized to repurchase up to $50 million of AAVE annually. These developments come as Aave recovers from a major exploit in April and Kraken pursues acquisitions ahead of its planned public listing.
Aave founder Stani Kulechov denied reports that the company would sell AAVE tokens at a 70% discount in talks with Kraken. While strategic discussions are ongoing, Kulechov clarified that the talks involve Aave Labs' own token allocation and long-ter...
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, 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...
