The Aave Will Win proposal redirected 100% of protocol and Aave-branded product revenue to the DAO and AAVE token holders.
- Aave founder Stani Kulechov denied reports of a potential 15% stake acquisition by Kraken's Payward at a significantly discounted valuation, stating Aave would not sell at a 70% discount.
- Kulechov clarified that while Aave Labs might sell some of its AAVE token allocation, protocol revenue is directed to the Aave DAO, and Aavenomics 3.0 with a buyback mechanism is under development.
- The denial comes after a period of Aave's TVL decline and a recent update to its risk framework, following a governance proposal that redirected all protocol revenue to the DAO.
Topics: Institutional adoption, Scalability, Legal regulatory, Asset manager initiatives, Growth metrics, Securities law classification
Tags: #aave #stanikulechov #kraken #payward #aavelabs #aavedao #aavenomics30 #tokensale #revenueredirection #tvl
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