Aave (AAVE)

just a small OTC transaction, nothing to see here

Kraken in Talks to Acquire 15% Stake in Aave Group in $71M Deal

Kraken is in talks to acquire a 15% stake in Aave Group, the entity behind the DeFi protocol Aave, at an implied valuation of $385 million. Under the proposed transaction, Kraken would invest 35,000 ETH in exchange for 250,000 AAVE tokens and a 15% equity stake, valuing the deal at approximately $71 million, according to people familiar with the matter. The investment would mark the first deal under Kraken’s planned Payward Asset Management initiative and deepen its expansion into DeFi and strategic investments.

💼 Kraken in Talks to Acquire 15% Stake in Aave

Kraken is negotiating to purchase a 15% stake in DeFi lending protocol Aave at a $385 million valuation, according to Coindesk. The deal comes as Aave rebuilds after the KelpDAO exploit in April triggered a multibillion-dollar deposit exodus, despite Aave itself not being compromised.