Kraken is in talks to acquire a 15% stake in Aave, the decentralized finance lending protocol.

A document said Kraken would invest 35,000 ether in exchange for 250,000 AAVE tokens and a 15% common equity stake in Aave Group. Two sources said Kraken may syndicate part of the roughly $71 million deal.

Aave said the protocol is governed by token holders, while Aave Labs does not control or operate any version of the protocol. That suggests the reported equity stake would be separate from Aave’s on-chain governance.

DefiLlama showed Aave has about $12.1 billion in total value locked and $9.88 billion in active loans, providing context for the reported valuation.

🔗 Source: CoinDesk

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