Aave Founder Responds to Payward Acquisition Report: AAVE 'Will Not Be Sold at a 70% Discount'

CoinFeed June 26 news, according to The Block, in response to CoinDesk reporting that Kraken parent company Payward is in talks to acquire a 15% stake in the Aave protocol at a valuation of $385 million (equivalent to only 30% of AAVE token FDV), Aave founder Stani Kulechov responded on X platform: 'We would never sell AAVE at a 70% discount,' and pointed out that CoinDesk's report was inaccurate. Kulechov stated that the Aave protocol generates annualized revenue of $134 million, all of which currently flows to the Aave DAO. However, he did not completely deny that Aave Labs might sell some of its AAVE tokens, saying that multiple market participants have discussed purchasing directly or indirectly through deeper long-term partnerships.