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Aave and Centrifuge Launch 'Real World Assets' Market
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cryptonews.comPopular decentralized finance (DeFi) protocol Aave (AAVE) has partnered with decentralized operating system Centrifuge to launch a new market called Real World Assets (RWAs), which would enable users to earn yield against real-world assets.
Prior to this, Aave users could only borrow and lend digital assets, with rates varying based on demand and supply metrics. With this new market, users can now tokenize their real-life assets and use them as collateral to borrow cash.
“The RWA Market is a much needed building block not only for protocols such as Aave, but across DeFi as a whole," Stani Kulechov, founder of Aave, was quoted in the announcement as saying.
Aave is a decentralized lending system created on top of the Ethereum (ETH) blockchain
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