Overview

• Institutional borrowers can now post tokenized real‑world assets such as U.S. Treasuries and CLOs to borrow USDC, RLUSD, or GHO on Horizon, which is live on Ethereum.
• Built on a permissioned version of Aave V3, the market embeds issuer-level compliance in collateral tokens while leaving stablecoin lending pools permissionless and composable.
• Chainlink’s Onchain NAV (NAVLink) supplies real-time fund valuations to support automated, overcollateralized lending and continuous monitoring of collateral.
• Initial collateral and ecosystem partners include Superstate, Circle, Centrifuge, VanEck, WisdomTree, Securitize, Ethena, OpenEden, Hamilton Lane, and Ripple’s RLUSD.
• Risk oversight for the new market involves third-party reviewers Llama Risk and Chaos Labs, as Aave targets short-term financing and yield strategies for qualified institutions.