Aave recently went live with its Horizon RWA market.
This represents a major unlock and makes the bridge between TradFi and DeFi even stronger.
RWA-qualified users (Permissioned by RWA Issuers) can supply assets as collateral (USCC, USTB from @superstatefunds and JRTSY, JAAA from @centrifuge) and borrow stablecoins through Horizon. This makes the tokenised assets more productive and composable within DeFi.
Moreover, users can supply assets (RLUSD, GHO, and USDC) to the Horizon market and lend assets to institutional investors and earn yield.
Onchain RWA currently stands at $28 billion and is growing rapidly; making these assets more efficient would contribute to their growth, and Horizon is built exactly for that.
Onward.
14K
35
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.