Aave unveils Custodied Collateral Lending: stablecoin loans against assets held by custodian
- —Collateral is a non-transferable CoCT token with a zero withdrawal limit
- —Anchorage holds the assets, Chainlink syncs their state via CustodySync
- —The first use case is bitcoin; collateral and liquidation parameters are not yet defined
- —In case of default, Anchorage sells the asset over the counter rather than through a liquidation bot
Why it matters: Aave opens DeFi access to trillions of dollars in institutional assets, but increases reliance on a trusted custodian.
Source: Journal du Coin