Aave Founder Denies Kraken Stake Sale, Outlines Aavenomics 3.0 Buyback Mechanism
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Aave founder Stani Kulechov denied that Kraken is buying a 15% stake in Aave Labs at a $385 million valuation, while noting any party could instead buy AAVE tokens directly. He said 100% of Aave Protocol and GHO revenue will go to the AAVE token and announced Aavenomics 3.0 will introduce an immutable automated buyback mechanism, a tokenomics and DeFi update that should support AAVE demand and adoption.
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- Aave founder denied that Kraken is buying a 15% stake at a $385 million valuation.
- Kulechov says 100% of Aave Protocol and GHO revenue goes directly to the AAVE token.
- Aavenomics 3.0 will introduce an immutable, automated buyback mechanism for AAVE.
Aave founder Stani Kulechov has pushed back against a report that crypto exchange Kraken is in talks to acquire a 15% stake in Aave Labs at a $385 million valuation, flatly denying the deal while leaving the door open for a different kind of arrangement.
“Absolutely not,” Kulechov wrote in response to the reports, before adding that buying AAVE tokens directly remains an option for any interested party.
What the Report Said and What Kulechov Corrected
As per reports, Kraken was in discussions to purchase a 15% stake in Aave Labs at the $385 million valuation, implying a discount of roughly 70% to the current mar…
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