Aave's Base market accepts seven Coinbase stock tokens as collateral for USDC loans by eligible users in jurisdictions outside the United States. The dedicated Equities Hub holds $8.14 million in collateral based on current Coinbase tokenized valuations, while about $495,000 in USDC loans have been issued, producing 5% utilization. Aave Labs deployed the V4 instance on behalf of Aave DAO, with LlamaRisk providing risk analysis and Chainlink serving as Coinbase's official oracle provider. The market became operational on Sept. 25 after a temporary halt was lifted. Its $21 million USDC draw cap and $32 million add cap limit borrowing and supply, respectively, rather than represent current balances. The stock tokens are collateral-only assets and USDC is the sole borrowable asset. The tokens are backed by underlying shares held in a regulated custody structure, while dividends are reinvested after relevant costs and taxes and stock splits can be reflected without rebuilding a DeFi position. Chainlink's equity-linked feeds stop updating during weekends and U.S. market holidays, leaving collateral values at the last published price until feeds resume. Aave founder Stani Kulechov said the protocol calibrates volatility measures, liquidation thresholds, bad-debt buffers and liquidation incentives to clear distressed positions before losses exceed safety margins. Aave plans to add further tokenized stocks and later introduce GHO as a borrowable asset. Separately, Aave's total value locked has risen above $19 billion, while AAVE traded around $148.08 with $255 million in daily volume and roughly $233 million in open interest after a 9% decline following liquidations.