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COINDESK: BITCOIN, ETHEREUM, CRYPTO NEWS AND PRICE DATA · CRYPTO ·

Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuation

As reported by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The DeFi lender is rebuilding after the fallout from April's KelpDAO exploit sparked a multibillion-dollar exodus of deposits despite Aave itself not being hacked.
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Kraken is negotiating to acquire a 15% stake in DeFi lender Aave, valuing Aave at $385 million. This potential investment comes as Aave is rebuilding after a significant multibillion-dollar deposit exodus. The withdrawals followed the April KelpDAO exploit, though Aave itself…

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