Kraken eyes 15% stake in DeFi lender Aave in deal valuing protocol at $385 million
Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuationThe DeFi lender is rebuilding after the fallout from April's KelpDAO exploit sparked a multibillion-dollar exodus of deposits despite Aave itself not being hacked.Payward and Kraken co-CEO Arjun Sethi. (CoinDesk)Kraken is evaluating a deal to acquire a 15% stake in DeFi lending protocol Aave, valuing the company at $385 million, according to sources.The proposed investment comes months after Aave weathered the fallout ...
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