It's been an exciting first month of tokenized stocks on @aave and the best part is this is both the beginning and the cusp of transforming our industry from being about crypto-native markets to becoming a convergence of financial markets to on-chain ecosystems. I've been working nearly a decade to see this transformation materialize, and it has never been more inevitable than it is today. I'm extremely grateful to be here with you all to witness what is coming.

Tokenized equities are being put to work on @Aave V4 35% of tokenized Mag 7 supply on @Base has already been deposited as collateral on Aave, including 44% of $GOOGLc supply. Track every ticker:

PT-AUSD-17DEC2026 is now live on @Aave V3 @Monad LlamaGuard agents will update the discount rate and E-Mode risk parameters through maturity. Our recommended launch parameters: > E-Mode: 93% LTV, 95% LT > Supply cap: 30M PT > Discount rate: 5.745% initial (8.804% max)

Anyone with lending market exposure should be able to verify operational risk management of their market and the judgment behind all actions. That information should be readily available. Users first, always.

A proposal to register LlamaRisk’s PT Risk Oracle agents for PT-sUSDe-22OCT2026 on @Aave V3 @Plasma is live for voting. Over $45M of this PT is supplied on Aave. If approved, our risk agents will dynamically update the discount rate and E-Mode settings as market conditions on @Pendle change and maturity approaches. Each update will have the following limits: ✅ Discount rate: up to 100 bps (at least 2 days apart) ✅ eMode categories 25 and 26: up to 50 bps per parameter (at least 3 days apart) Vote here:

A price that exists is not a price you can lend against. Weekend markets now price major US stocks, but off-hours books are often thin. Before a weekend price secures credit, it has to resist manipulation and come from venues with real depth behind the quote.

Today the SEC issued a five-year conditional exemption letting tokenized NMS stock trade onchain in the US: temporary relief from the exchange and dealer definitions, plus a request for comment. Effectively a sandbox, and a well-designed one. With important conditions: 🟩 A qualifying venue must halt a token concurrently with any halt in the underlying stock on its primary listing exchange. 🟩 Contracts must be public, auditable, and deployed on permissionless ledgers. 🟩 Venues must verify tokens carry the same rights and privileges as the share. Synthetics don't qualify. 🟩 Venues must publish prices, trade sizes, timestamps, pool addresses and daily volumes. That reads like a spec for session-aware, transparent market structure. It's the spec we've been engineering to for tokenized equities on @aave, built with @chainlink, whose feeds already tell a protocol not just the price but the market state it was formed in. For onchain credit, this builds the missing layer. SEC-permissioned venues making markets in full-rights tokenized blue chips means growing onchain depth to price against and exit into. Those are the two things a lending market needs from its venue layer. Regulation and risk architecture are converging on the same design. Tokenized equities are getting real market structure. Aave is where it becomes a credit market.

Oracles are critical dependencies in DeFi lending, but insights about the oracle used in DeFi markets are notoriously sparse, and standards are frankly subpar. LlamaGuard PT is raising the bar, only on @aave.

This moment has been a year in the making and marks the first time ever that protocol-owned risk oracles land in prod, arriving first to @aave. Way to go @LlamaRisk team and big thanks to our partners who have been there to support us along the way. More to come. LETS GHO 👻