Kraken's parent company Payward is reportedly in talks to acquire a 15% stake in Aave, valuing the DeFi protocol at $385 million. However, Aave founder Stani Kulechov rejected the reported valuation and terms, stating the deal as described is inaccurate and undervalues Aave significantly. While discussions involving Aave-related assets have occurred, Kulechov emphasized that Aave Labs holds tokens explored for strategic partnerships, not a direct equity sale at a discount. The talks signal Payward's interest in expanding its DeFi investments, but no confirmed deal or valuation has been agreed upon yet.
Exchanges are considering whether to build their own decentralized finance (DeFi) lending platforms or buy into existing ones, highlighted by Kraken's talks to acquire a 15% stake in Aave, a major DeFi lender valued around $385 million. This move ref...
Aave co-founder Stani Kulechov refuted claims that AAVE tokens were being sold at a 70% discount, calling such reports inaccurate. He confirmed that 100% of revenue from Aave Protocol, GHO, and all product streams goes directly to AAVE token holders ...
Aave founder Stani Kulechov denied reports that Aave would sell AAVE tokens to Kraken at a 70% discount, clarifying that such a sale would not happen. He confirmed ongoing discussions about long-term strategic partnerships involving Aave Labs' token ...
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 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 ...
