CoinDesk says Kraken parent Payward is in talks to buy 15% of Aave Group at a $385M valuation, with a proposed structure of 35,000 ETH for 250,000 $AAVE plus common equity. The roughly $71M deal would push Payward Asset Management deeper into DeFi ahead of Kraken's expected IPO, following Payward's April agreement to buy Bitnomial for up to $550M. Timing is messy: Aave is still rebuilding from the KelpDAO bridge exploit, where Lazarus-linked attackers minted $292M of unbacked rsETH, left $190M-$230M in bad debt, and triggered more than $8B in withdrawals without compromising Aave's own contracts.

TLDR by @Benthic

Explore the topic

More on Aave

Pendle launches one-click PT looping beta on Aave V3 and Morpho, with Aave V4 and Euler support planned

Pendle launches one-click PT looping beta on Aave V3 and Morpho, with Aave V4 and Euler support planned

𝕏/@pendle_fi ·

Aave launches daily Telegram channel for GHO and governance updates

Aave launches daily Telegram channel for GHO and governance updates

𝕏/@aave ·

Aave V4 goes multichain on Avalanche with shared liquidity hub powering three specialized markets

Aave V4 goes multichain on Avalanche with shared liquidity hub powering three specialized markets

Aave ·

Galaxy launches GOFR to blend Aave, Morpho and Spark rates with up to $100M in first-loss capital

Galaxy launches GOFR to blend Aave, Morpho and Spark rates with up to $100M in first-loss capital

Galaxy ·

Aave makes Chainlink CCIP its default cross-chain layer for app transfers, GHO, and governance

Aave makes Chainlink CCIP its default cross-chain layer for app transfers, GHO, and governance

Aave ·

EtherFi proposes Aave V4 hub on OP Mainnet for EtherFi Cash with up to $175M in assets and 20% DAO revenue share

EtherFi proposes Aave V4 hub on OP Mainnet for EtherFi Cash with up to $175M in assets and 20% DAO revenue share

governance.aave ·

Explore the full feed

Comments

Up nextSlowMist uncovers macOS malware that steals Telegram sessions and swaps Ledger, Trezor apps for phishing loaders