TechFlow reports that on June 26, according to The Block, Aave founder Stani Kulechov responded to reports claiming Kraken’s parent company Payward is negotiating to acquire a 15% stake in Aave at a $385 million valuation, stating, “AAVE cannot be sold at a 30% discount.” He clarified that Aave Labs does hold some AAVE tokens and has indeed discussed direct or indirect transactions with multiple parties via long-term partnerships—but the reporting on this matter is inaccurate.
Kulechov also emphasized that Aave’s current annualized revenue stands at approximately $134 million, with all protocol and Aave-branded product revenues flowing entirely to the Aave DAO and AAVE token holders. The team is also designing “Aavenomics 3.0,” which includes an automated buyback mechanism.
Earlier reporting indicated Kraken was in talks to acquire a 15% stake in Aave at a $385 million valuation.
