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Aave Founder Responds to Kraken Investment Rumors: Valuation Report Inaccurate, $134 Million in Annualized Revenue, Designing New Buyback Mechanism
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BlockBeats News, June 26th: In response to market reports regarding Kraken's acquisition of a 15% stake in Aave, Aave's co-founder Stani Kulechov personally issued a statement on Thursday to clarify that the related reports were "inaccurate" in framework. He provided a systematic explanation of Aave's revenue allocation, ownership structure, and future plans.

Kulechov explicitly denied the possibility of selling AAVE tokens at a discounted price, and emphasized that all revenue from the Aave protocol and GHO stablecoin belongs to AAVE token holders. This applies to all product lines such as Aave App, Aave Pro, and Swaps, and the protocol and product revenues do not flow to Aave Labs, which serves as a DAO service provider. He explained that Aave Labs holds a certain amount of AAVE tokens for allocation, and discussions have been held with various market participants regarding direct or indirect purchases to establish deeper long-term partnerships.

On the data front, Kulechov revealed that Aave's current annualized revenue has reached $134 million, all of which belongs to Aave DAO. He also disclosed that the team is designing Aavenomics 3.0, which includes a new automated, non-discretionary token buyback mechanism. Further details will be announced separately.

Strategically, Kulechov emphasized that Aave's target market is not limited to the crypto field but covers the entire financial asset market, including RWAs. He announced that a quarterly conference call will be held in the coming weeks to share the latest developments in Aave's roadmap.

Source: BlockBeats

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