DeFiBullishCoinDesk · 3h ago7/10
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Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuation
Kraken is in advanced negotiations to acquire a 15% stake in Aave at a $385 million valuation, marking a significant institutional investment in the DeFi lending protocol. The deal comes as Aave rebounds from deposit outflows triggered by the April KelpDAO exploit, which caused a multi-billion dollar exodus despite Aave itself remaining uncompromised.
$AAVE