Came across an interesting DeFi update: Aave has added Coinbase’s tokenized SpaceX stock, $SPCXc, to V4 on Base—eligible users can use it as collateral to borrow USDC.
The official announcement says it’s only available in compliant jurisdictions outside the United States. The collateral factor on the Aave Pro interface is around 55%; about 4,200 SPCXc, worth roughly $500,000–$600,000, were deposited at launch, with a supply cap of around 37,000 tokens. In September, Aave added Coinbase’s tokenized U.S. stocks from the Magnificent Seven, and now SpaceX has joined them.
A couple of caveats: the official team hasn’t yet explained in detail how the oracle updates or liquidations work over weekends and market holidays. Check Aave’s live interface for the exact parameters and whether borrowing is available. Tokenized equity has gained another name on the path to becoming collateral for borrowing. #Aave #SpaceX #Base #RWA
The official announcement says it’s only available in compliant jurisdictions outside the United States. The collateral factor on the Aave Pro interface is around 55%; about 4,200 SPCXc, worth roughly $500,000–$600,000, were deposited at launch, with a supply cap of around 37,000 tokens. In September, Aave added Coinbase’s tokenized U.S. stocks from the Magnificent Seven, and now SpaceX has joined them.
A couple of caveats: the official team hasn’t yet explained in detail how the oracle updates or liquidations work over weekends and market holidays. Check Aave’s live interface for the exact parameters and whether borrowing is available. Tokenized equity has gained another name on the path to becoming collateral for borrowing. #Aave #SpaceX #Base #RWA
