Aave Founder Dismisses $385M Payward Acquisition Report, Rejects 70% Discount Claim

AAVE2.66%
According to CoinDesk, Aave founder Stani Kulechov dismissed reports that Kraken parent company Payward proposed acquiring 15% of Aave at a $385 million valuation, saying the deal would represent only 30% of the protocol's fully diluted market value—a 70% discount he called impossible. Kulechov stated on X that while Aave Labs does own AAVE tokens and multiple parties have discussed various partnership structures, the reported terms significantly undervalue the protocol.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments