Aave Founder Dismisses Payward '70% Discount' Stake Purchase Reports

AAVE15.05%
According to Bankless Times, Aave founder Stani Kulechov on June 26 dismissed reports that Payward, Kraken's parent company, was negotiating to purchase a 15% stake in Aave Group at a steep discount. The reported proposal involved a $71 million purchase at a $385 million valuation, implying a roughly 70% discount compared with AAVE's fully diluted token valuation. Kulechov rejected this framing, stating there was no way AAVE would be sold at such a discount. He highlighted Aave DAO's protocol revenue of $134 million in annualized earnings.
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