• no ads
  • no ads

Aave Raises $25M in New Funding Round

Decentralized lending protocol Aave (AAVE) has raised $25 million in a new funding round.

  • Aave raised $25 million from investors such as Blockchain Capital, Standard Crypto, and Blockchain.com ventures, and others
  • The project has previously raised roughly $24 million, including a $17 million ICO held in 2017
  • CEO Stani Kulechov said that the funds would “bring DeFi closer to institutional use and to expand the team size to serve the growth in Asian markets”
  • Aave recently migrated towards decentralized governance, with the first proposal voting in favour of its tokenomics upgrade
  • The project is ranked 3rd when it comes to the total valued locked in – over $1.1 billion according to DeFiPulse

Related Reading:

Related post