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 allocation, distinct from the Aave DAO which governs the protocol and receives all protocol revenue. Kulechov highlighted that Aave generates around $134 million in annual revenue, all flowing to the DAO, and announced plans for an automated AAVE token buyback mechanism under development. Additionally, Aave is expanding its focus to tokenized real-world assets, with research from Grayscale suggesting AAVE is undervalued and could reach a fair value of up to $175 if tokenized assets grow in DeFi.
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 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 ...
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...
