Aave Co-founder Clarifies Kraken Deal Reports, Discloses $134M Annual Revenue on June 26

According to BlockBeats, Aave co-founder Stani Kulechov clarified on June 26 that reports regarding Kraken's acquisition of a 15% stake in Aave contain an inaccurate framework. He explicitly denied the possibility of selling AAVE tokens at a discount and emphasized that all protocol and GHO stablecoin revenue flows to AAVE token holders, not to Aave Labs, the DAO's service provider.

Kulechov disclosed that Aave currently generates $134 million in annualized revenue, all accruing to the Aave DAO. He also revealed that the team is designing Aavenomics 3.0, which will include a new automated, non-discretionary token buyback mechanism, with details to be announced separately.