Hassan Maishera
On Wednesday, Aave Labs announced via a blog post that it has launched Horizon, a new lending market on Ethereum where institutions or other qualified users borrow stablecoins against real-world assets (RWAs).
Aave announced that Horizon will launch with a network of leading institutions across tokenized assets and stablecoins, supporting collateral from Circle, Superstate, and Centrifuge at launch. The network also spans Ant Digital Technologies, Chainlink, Ethena, KAIO, OpenEden, Ripple, Securitize, VanEck, and WisdomTree.
Horizon launches with a network of leading institutions across tokenized assets and stablecoins, supporting collateral from Circle, Superstate, and Centrifuge at launch. The network also spans Ant Digital Technologies, Chainlink, Ethena, KAIO, OpenEden, Ripple, Securitize, VanEck, and WisdomTree.
Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $321.21 per token, down 3.2% in the last 24 hours.
