Aave Founder Stani Kulechov Denies Kraken Stake Sale Report, Confirms AAVE Buybacks
Aave founder Stani Kulechov denied claims that the protocol would promote AAVE tokens at a 70% low cost, responding to a report that crypto change Kraken is in talks to purchase a stake within the lender.
The report described a roughly 15% stake at a $385 million valuation, although neither firm has confirmed these phrases. AAVE traded close to $82, up virtually 5% over 24 hours, as the talk unfold.
Why the Kraken Aave Stake Report Drew Pushback
The figures behind the report hint to nameless sources, and Kulechov known as the framing inaccurate. He confirmed solely that outdoors events had mentioned shopping for an AAVE allocation held by Aave Labs.
Any deal would construct on an present tie. In 2025, the Aave DAO voted 99.8% to license its code to Kraken’s Ink community, which now runs a white-label lending market that shares income again to Aave.
The talks additionally floor as Aave rebuilds from April’s KelpDAO exploit, which left as much as $230 million in dangerous debt after attackers borrowed towards unbacked tokens.
Although Aave’s sensible contracts have been by no means breached, the fallout erased more than a third of its deposits, which sit close to $12 billion at this time.
Kulechov Points to Revenue and Planned AAVE Buybacks
Kulechov rejected the concept Aave would offload tokens cheaply.
“there may be NO WAY we’d promote AAVE at a 70% low cost lol,” he articulated.
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He stated Aave Labs solely serves the DAO as a service supplier and takes not one of the protocol’s income. That income as a substitute routes to token holders below the Aave Will Win framework.
“100% of Aave Protocol and GHO income goes to the $AAVE token.”
He additionally teased Aavenomics 3.0, which might make AAVE buybacks computerized. That extends a discretionary program already cleared to purchase as much as $50 million of AAVE a yr.
The token traded higher after the submit.
What Comes Next for Aave and Kraken
A stake would match Kraken’s acquisition run forward of its planned public listing. The change agreed this yr to purchase derivatives venue Bitnomial for as much as $550 million, securing uncommon US derivatives licenses.
Some analysts nonetheless see sharp upside for the token regardless of the April setback.
Aave plans a quarterly neighborhood name inside weeks. Whether the Kraken talks agency up, and the way automated buybacks reshape AAVE, ought to grow to be clearer then.
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