Aave Denies 70% Discount Token Sale Amid Kraken Investment Talks

Aave founder Stani Kulechov has denied reports that his company would sell AAVE tokens at a 70% discount as part of negotiations with Kraken. The talks, which involve long-term strategic partnerships, do not include a discounted sale of the token, according to Kulechov.

Kraken is reportedly planning to buy a 15% stake in Aave Group for around $71 million, valuing the company at $385 million. However, Kulechov emphasized that no AAVE tokens are being sold at a 70% discount and that revenues from the protocol flow directly to Aave token holders.

Kulechov also announced plans for an automated token buyback system as part of Aavenomics 3.0, which aims to strengthen the link between protocol revenue and token purchases. This move is part of Aave's broader strategy to expand beyond crypto lending into tokenized real-world assets.