News Score: Score the News, Sort the News, Rewrite the Headlines

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 ...

Read more at coindesk.com

© News Score  score the news, sort the news, rewrite the headlines