Gate Insights and Crypto Market Analysis

Gate Insights features in-depth crypto analysis, market trends, and long-form articles to help you understand key movements across the crypto industry.

Kraken Proposes $71M Investment in Aave as Founder Rejects Valuation

Kraken's parent company Payward is reportedly in talks to acquire a 15% stake in decentralized lending protocol Aave, offering 35,000 ether tokens in exchange for 250,000 AAVE tokens and common equity in Aave Group in a deal valued at approximately $71 million, according to three sources familiar
AAVE-4.17%
EthanBrooks·06-26 08:13
Kraken Proposes $71M Investment in Aave as Founder Rejects Valuation