Aave's Stani Kulechov Denies 70% Discount Claims in Kraken Talks

Aave founder Stani Kulechov has dismissed a report suggesting Kraken might invest in Aave Group at a 70% discount on AAVE tokens, stating, "There is no way we’d sell AAVE at a 70% discount." Kulechov confirmed ongoing strategic talks, but emphasized that Aave Labs separates its holdings from the Aave DAO and its treasury.

CoinDesk reported Kraken is negotiating to invest 35,000 ETH for 250,000 AAVE tokens and a 15% equity stake, valuing Aave Group at $385 million. Kulechov noted that Aave generates approximately $134 million in annual revenue, all accruing to the DAO.

Kulechov also mentioned the development of Aavenomics 3.0, designed to automate AAVE buybacks, enhancing predictability in revenue-linked token purchases. Aave aims to expand into tokenized real-world assets, beyond crypto lending.

AAVE token recently peaked at $87.5, influenced by positive targets set by Standard Chartered for 2030.