Founder of Aave Denies Rumors About Selling Equity
🔸 Aave founder Stani Kulechov has just spoken out to deny reports that a major exchange is negotiating to buy a 15% stake in Aave Group at an estimated valuation of around $385 million. According to him, there is no reason for Aave to agree to sell the company at a discount of up to 70% compared to its actual value.
🔸 Stani said the Aave ecosystem currently generates about $134 million in annual revenue, and all of this revenue belongs to Aave DAO, not Aave Labs. At the same time, Aavenomics 3.0 is expected to roll out an automated buyback mechanism at $AAVE , further strengthening the narrative of accumulated value for the token in the long term.
What do you think— is the market pricing the potential of $AAVE too low, or is this only an early expectation before the official buyback mechanism is activated?
This post is for news updates only, not investment advice.
🔸 Aave founder Stani Kulechov has just spoken out to deny reports that a major exchange is negotiating to buy a 15% stake in Aave Group at an estimated valuation of around $385 million. According to him, there is no reason for Aave to agree to sell the company at a discount of up to 70% compared to its actual value.
🔸 Stani said the Aave ecosystem currently generates about $134 million in annual revenue, and all of this revenue belongs to Aave DAO, not Aave Labs. At the same time, Aavenomics 3.0 is expected to roll out an automated buyback mechanism at $AAVE , further strengthening the narrative of accumulated value for the token in the long term.
What do you think— is the market pricing the potential of $AAVE too low, or is this only an early expectation before the official buyback mechanism is activated?
This post is for news updates only, not investment advice.