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

AAVE3.73%
According to CoinDesk, Kraken is in talks to acquire a 15% equity stake in Aave, a decentralized finance lending protocol, for approximately $71 million. The exchange would invest 35,000 ether in exchange for 250,000 AAVE tokens and common equity stake in Aave Group. Two sources indicated Kraken may syndicate part of the deal. Aave currently has $12.1 billion in total value locked and $9.88 billion in active loans.
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