Hassan Maishera
Chainlink announced via X on Wednesday that Aave’s Horizon has adopted Chainlink SmartData, starting with NAVLink feeds. The integration will enable institutional investors to borrow against tokenized real-world assets.
Aave announced the launch of its Horizon RWA market on Wednesday. The new lending market on Ethereum allows institutions or other qualified users to borrow stablecoins against real-world assets (RWAs).
By securing its lending markets with Chainlink data infrastructure, Aave Horizon can support overcollateralized stablecoin loans onchain against U.S. Treasuries, credit, and equities as collateral.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by 1.5% over the past 24 hours and is trading at $23.80 at press time.
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.
