Aave V4 Launches Equities Hub on Base, Enabling Tokenized Stock Collateral

Aave Labs has launched its Equities Hub on the Base network, allowing users to use tokenized U.S. stocks as collateral to borrow USDC. The initial rollout supports seven Coinbase-issued tokenized stocks: Apple (AAPLc), Amazon (AMZNc), Alphabet (GOOGLc), Meta (METAc), Microsoft (MSFTc), Nvidia (NVDAc), and Tesla (TSLAc). The protocol has set an initial borrowing cap of $21 million for USDC, with collateral ratios ranging from 65% to 79% depending on the asset's volatility. These tokenized stocks are backed by actual shares held by Alpaca Securities LLC and are available only to non-U.S. users. A key risk identified by LlamaRisk is the discrepancy between 24/7 DeFi operations and traditional stock market hours, as price feeds from Chainlink pause during weekends and market holidays.