Stani Kulechov: Partnership with Payward Will Bring Aave to More Retail and Institutional Users

Odaily reports: Stani Kulechov, founder and CEO of Aave Labs, stated that partnering with Payward is a strategic step toward bringing Aave to more retail and institutional users. Payward said that it and its asset management clients have purchased an undisclosed amount of AAVE on the secondary market through the affiliated fund Digital Asset Special Investments I, and may continue to increase their holdings; the two sides are exploring future collaboration opportunities. Sources familiar with the matter said the arrangement evolved from earlier negotiations, when the proposal had involved tokens and equity, while this announcement only disclosed the token purchase. The Aave protocol currently has approximately $33 billion in net deposits and about $11 billion in active loans.