Centrifuge's JAAA tokenized fund reaches roughly 47% DeFi utilization
- —JAAA utilization stands at 47.6%, per DefiLlama data
- —The fund processed over $717 million in redemptions across 93 orders in 12 months
- —AUM has ranged from $585 million to $687 million, down from a peak above $1 billion
- —An Aave Horizon proposal would raise JAAA's loan-to-value ratio from 81% to 87%
Why it matters: The Aave Horizon vote will signal whether DeFi lenders are ready to accept tokenized AAA credit as collateral.
Source: Crypto Briefing