Aave founder responds to Payward acquisition report: AAVE will not be sold at a 70% discount

General News

Summary

Aave’s founder pushed back on reports that Payward, Kraken’s parent company, was negotiating to buy a large Aave stake at a steep discount. He said AAVE would not be sold at a 70% discount and criticized the reporting as inaccurate. He also noted that Aave protocol revenue is currently flowing to the Aave DAO. The post leaves open the possibility of partial token sales by Aave Labs and broader long-term partnership discussions with market participants.

Classifications

industries
Fintech & Banking
applications
Data Warehousing Software

AskAI Classifications

Labels
DeFi Software SaaS Developer Tools

Linked Companies

Aave
$1M to $5M
Payward
n/a