Aave weighs tokenized SpaceX shares as collateral, with LlamaRisk urging caution

A governance proposal would let SPCXc holders borrow USDC on Aave V4, but risk advisors want tight limits ahead of a massive share unlock Aave may soon let users borrow against a piece of Elon Musk’s rocket company. Aave Labs has put forward a governance proposal to accept tokenized SpaceX Class A common stock, trading as SPCXc, as collateral on the protocol’s Aave V4 Equities Hub. Risk advisory firm LlamaRisk has recommended a set of guardrails for the listing. The proposal was introduced on October 15, 2026. It targets the Equities Hub, a section of Aave V4 that went live on September 25, 2026. That hub already supports tokenized shares of the so-called Magnificent Seven, the mega-cap US tech stocks.

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