Leading DeFi protocol Aave has raised $3 million from Framework Ventures and Three Arrows Capital. The investment firms purchased $3 million of Aave’s native token LEND at $0.10 per token, a stake which is now worth around $7 million.
Both firms will take an active role in growing the Aave ecosystem via staking and governance with a goal to increase the protocol’s user base. Aave CEO Stani Kulechov commented on the investment: