Aave's tokenized Mag7 stock hub on Base draws mostly first-time borrowers
- —Tokenized Mag7 collateral hit $9.57 million, or 35.6% of the $26.9 million total supply
- —Borrowers drew $4.08 million in USDC; borrowing wallets grew from 8 to 144
- —Loan-to-collateral ratio rose from 22.2% at launch to 42.9% by October 18
- —Tokenized shares can only be posted as collateral; cross-collateral borrowing is disabled
Why it matters: Tokenized equities plug traditional assets into onchain credit, but the rising LTV raises liquidation risk if share prices fall.
Source: Crypto Briefing