The Base hub permits up to $21 million in USDC borrowing against seven Coinbase stock tokens while their collateral feeds hold Friday's value through the weekend.
Aave is turning tokenized stocks into usable collateral, opening a new path for equity-backed borrowing.
Aave's DeFi expansion supported AAVE's breakout as rising reserves tested demand approaching $160.
TL;DR Aave V4 on Base has launched an Equities Hub accepting seven Coinbase tokenized U.S. stocks as collateral. Eligible non-U.S. users can deposit tokens representing Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla shares to borrow USDC.
Potential future categories include solar energy, batteries, graphics processing units, robots and space infrastructure, with the transition envisioned through 2050.
Aave has introduced a groundbreaking lending protocol on Base network that enables users to secure USDC loans using seven Coinbase tokenized equity products as collateral. This development catalyzed AAVE's price appreciation exceeding 7%, with the token hovering around $146 to $147 in recent trading activity.
The early holder sold the tokens over the past two days at an average price of $147 each.
The rise of tokenized commodities in DeFi highlights a shift towards integrating real-world assets into digital finance, enhancing liquidity and utility. Tokenized commodities in DeFi reach $133M as Aave dominates with 51% market share.
Coinbase launched its tokenized stocks on the Aave V4 protocol, deployed on the Base network. This integration allows tokenized shares of U.S. technology companies to be used as collateral to take out loans in USDC.
Here's how EU approach to crypto lending regulation differs from the U.S.
AAVE rose from $149 to $155 on Binance's spot AAVE/USDT market by 12:37 p.m. ET on Sept.
Coinbase tokenized stocks can now back USDC loans on Aave V4 on Base. Here is exactly how the new borrowing mechanism truly works.