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Aave Founder Stani Kulechov Buys £22M Notting Hill Mansion in London

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Aave founder Stani Kulechov has snapped up a £22 million ($30 million) mansion in London’s Notting Hill, sealing probably the most costly residential offers of the previous 12 months in a luxurious housing market below stress from greater taxes and weaker demand.

Key Takeaways:

  • Aave founder Stani Kulechov purchased a £22 million Notting Hill mansion, one in every of London’s priciest residence offers of the previous 12 months.
  • The buy got here at a reduction amid weaker demand in town’s luxurious property market amid greater taxes.
  • The deal comes as Kulechov stays a central and controversial determine in Aave’s governance.

Property filings present the acquisition was accomplished in November, simply days earlier than the UK authorities delivered its newest finances, according to Bloomberg.

The agreed worth got here in roughly £2 million under earlier steerage circulated by brokers concerned in the sale, reflecting the softer situations going through prime London actual property.

Aave Founder Stani Kulechov and His Expanding Crypto Empire

The five-story Victorian residence presents sweeping views throughout Notting Hill, one of many capital’s most sought-after neighborhoods.

Kulechov, who was born in Estonia and raised in Finland, based decentralized finance platform Aave in 2017.

He at present serves as chief government of Avara, the father or mother firm behind a rising suite of crypto-focused tasks, together with the Lens Protocol social community, the GHO stablecoin and a digital pockets product referred to as Family.

Aave has grown into one of many largest DeFi lending platforms by complete worth locked, making Kulechov one of many sector’s most outstanding figures.

The deal stands out in a 12 months that has been difficult for London’s high-end property market.

Sales of houses priced above £5 million fell sharply in 2025, weighed down by greater stamp obligation and the removing of tax benefits beforehand loved by rich international residents.

Data from property researcher LonRes reveals transactions in that bracket have been down round 40% in December in contrast with a 12 months earlier, with additional tax modifications anticipated to dampen demand in the approaching years, per the report.

Aave Governance Dispute Rekindles Debate Over Founder Power

In December final 12 months, Kulechov faced renewed criticism after purchasing roughly $10 million price of AAVE tokens shortly earlier than a key governance vote, prompting accusations that the transfer was designed to spice up voting energy fairly than mirror long-term alignment.

The controversy got here amid a broader dispute inside the Aave ecosystem over management of the protocol’s model and property.

A proposal submitted in December to address ownership of domains, social media accounts and naming rights sparked backlash after one in every of its authors mentioned it was pushed to a vote with out consent.

Contributors additionally raised considerations that sure product selections and price modifications have benefited personal entities greater than the DAO.

Governance information has additional fueled tensions, with observers noting that voting energy is extremely concentrated.

Snapshot figures present the highest three wallets management greater than half of the vote, intensifying considerations about whale dominance and conflicts of curiosity.

On December 16, Kulechov disclosed that the U.S. Securities and Exchange Commission had concluded its multi-year investigation into the protocol with out recommending enforcement motion, ending practically 4 years of uncertainty.

Aave Labs has additionally secured MiCA authorization in Europe and is preparing for the launch of Aave V4.

The submit Aave Founder Stani Kulechov Buys £22M Notting Hill Mansion in London appeared first on Cryptonews.

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