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Aave DAO approves incentives for Coinbase tokenized stocks on Base

Aave DAO has approved incentives for the Coinbase tokenized stocks market on Base, enabling eligible users outside the United States to earn rewards and use equities across decentralized finance.

Graphic announcing Aave DAO incentives for Coinbase tokenized stocks on Base, depicting digital coins emblazoned with company logos including Apple, Microsoft, Tesla, and Nvidia.
Image: @aave

Aave DAO has approved incentives for the Coinbase tokenized stocks market on Base, according to announcements by Aave and crypto.news. The move is designed to support the onchain growth of tokenized equities, though Coinbase's tokenized stocks remain restricted exclusively to eligible jurisdictions outside the United States.[2][3][4]

Rewards for the tokenized assets are already live on Aave, according to Luigi D'Onorio DeMeo. An interface shared by DeMeo showed 3.04% reward rates across multiple tokenized equities on Base, including Meta Platforms Inc. with $1.55 million supplied, NVIDIA Corporation with $1.31 million, Alphabet Inc. with $728,070, Tesla Inc. with $659,650, Apple Inc. with $592,460, Amazon.com Inc. with $357,870, and Microsoft Corporation with $279,130.[5]

Base's David Tso stated that the network is growing Coinbase tokenized stocks to bring the broader utilities of decentralized finance to equity holders. While conventional brokerages typically offer only spot trading for U.S. equities, Base allows holders to lend their shares, earn returns, and use them as collateral onchain.[1]

Key facts

  • Aave DAO approved incentives for the Coinbase tokenized stocks market on Base.
  • Coinbase's tokenized stocks are available only in eligible jurisdictions outside the U.S.
  • Rewards on Coinbase tokenized stocks via Base are live on Aave, per Luigi D'Onorio DeMeo.
  • Supported tokenized stocks on Aave showed a 3.04% reward rate across listings including Meta, Nvidia, Alphabet, Tesla, Apple, Amazon, and Microsoft, according to data shared by Luigi D'Onorio DeMeo.
  • Base is expanding Coinbase tokenized stocks so stockholders can lend them, earn on them, and use them as collateral, according to David Tso.

Sources · 5 sources

  1. DT

    David Tso (dave.base.eth)@davidtsocyPost on X ·

    Base is growing @coinbase tokenized stocks to bring the benefits of DeFi to stockholders Many brokers offer spot U.S. equities – @base lets you lend them, earn on them, and use them as collateral

    Open source
  2. BP

    Base Posting@basepostingPost on X ·

    JUST IN: AAVE DAO HAS APPROVED INCENTIVES FOR THE COINBASE TOKENIZED STOCKS MARKET ON BASE

    Open source
  3. AA

    Aave@aavePost on X ·

    Aave DAO has approved incentives for the Coinbase Tokenized Stocks market on @base. Tokenized stocks are only available in eligible jurisdictions outside of the U.S. https://t.co/Q58knFfZUJ

    Open source
  4. CN

    crypto.news@cryptodotnewsPost on X ·

    JUST IN: Aave DAO approves incentives for Coinbase tokenized stocks market on Base The move supports the market’s growth onchain, with Coinbase’s tokenized stocks available only in eligible jurisdictions outside the U.S. https://t.co/31rcgvMXSs

    Open source
  5. LD

    Luigi D'Onorio DeMeo@luigidemeoPost on X ·

    Rewards on coinbase stocks via @base on @aave https://t.co/Nqpl66bTmH

    Open source