SpaceX share unlock raises risk for Aave's plan to accept tokenized stock as collateral
About 1.3 billion SpaceX shares become eligible for sale on Oct. 22, worth roughly $194.3 billion at the Oct. 20 close of $147.89. A week earlier, Aave Labs proposed accepting tokenized SpaceX shares as collateral, and its risk adviser LlamaRisk has published an assessment of that listing. Traders may watch how a large supply of shares hitting the market could affect DeFi lending tied to tokenized stocks.
Why it matters
- About 1.3 billion SpaceX shares become eligible for sale on Oct. 22.
- Aave Labs proposed accepting tokenized SpaceX shares (SPCXc) as collateral on its V4 Equities Hub on Base.
- LlamaRisk, Aave's risk adviser, has published its assessment of the proposed listing.
What to watch next
Watch the market reaction around the Oct. 22 share unlock and any decision by Aave on accepting SPCXc as collateral.
