Aave Labs proposed on October 15, 2026 to accept tokenized SpaceX Class A shares, traded as SPCXc, as collateral in Aave V4’s Equities Hub. The collateral can be used only to borrow USDC and will be priced through Chainlink’s continuous price feeds. LlamaRisk recommends a 55% collateral factor, a maximum liquidation bonus of 6.5%, a 1,000-basis-point collateral risk premium and a supply cap of 37,000 SPCXc, worth approximately $5.8 million. These restrictions aim to contain liquidity risks surrounding an imminent unlock of about 1.3 billion SpaceX shares valued at $194 billion, with roughly 84% expected to be released by early December 2026.
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