Kraken just tried to buy 15% of Aave for $385M valuation.
The protocol pulls $134M revenue annually.
Stani's response was brutal: "there is NO WAY we'd sell $AAVE at a 70% discount lol."
He's right. You don't price a business on last week's taco sales when you're running the whole food truck empire.
This is the gap between tradfi thinking and crypto founder mentality. Kraken saw revenue multiples. Stani sees protocol moats, ecosystem effects, and compounding value accrual.
The real signal here: DeFi blue chips know their worth now. The days of cheap acquisitions are over.
The protocol pulls $134M revenue annually.
Stani's response was brutal: "there is NO WAY we'd sell $AAVE at a 70% discount lol."
He's right. You don't price a business on last week's taco sales when you're running the whole food truck empire.
This is the gap between tradfi thinking and crypto founder mentality. Kraken saw revenue multiples. Stani sees protocol moats, ecosystem effects, and compounding value accrual.
The real signal here: DeFi blue chips know their worth now. The days of cheap acquisitions are over.