Aave's token, AAVE, surged over 10% during the weekend, peaking at $230, driven by plans to integrate real-world assets (RWA) into its lending protocol. This move positions AAVE as the second top performer in the CoinDesk 20 index, just behind Chainlink's LINK. The proposed integration, which awaits governance approval, involves adding RLUSD and USDC stablecoins to Aave's Horizon market. This initiative aims to enhance liquidity for institutionally backed loans, leveraging tokenized assets like U.S. Treasury bonds, alongside existing collateral from Superstate and Centrifuge.
AAVE Jumps 10% on Real-World Asset Integration Plans
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