Prime brokers and retail platforms like Robinhood and Schwab, etc earn sizable revenue by lending out the stocks that individuals/funds hold in their account. They typically keep 50-85% of the borrow fees, passing only a small share back to you. More broadly, the Securities lending market sees roughly $4.6 trillion in securities on loan globally and generates around $35 billion in revenue, with brokers capturing the majority of that. The gtm for Tokenizing equities will be providing utility with Aave V4. It creates a better model: supply tokenized stocks onchain, earn the full borrow rates directly with real-time transparency, dynamic pricing, no rehypothecation and no middlemen taking the lion’s share.

1/ $sGHO is going cross-chain. We've published an ARFC to bring the sGHO savings product to L2 networks, starting with Arbitrum, without fragmenting the vault or splitting the rate. One @aave savings rate, available everywhere. More below ↓

Gold-backed loans using @tethergold on Aave V4 are at an all-time high.

Gold-backed loans using @tethergold on Aave V4 are at an all-time high.

.@0xMari0 is the founder of @getstableapp, a consumer savings app built on DeFi that @aave labs acquired and is now scaling as Aave App. Mario was a machine learning engineer at Meta before leaving to build in crypto. Stable let everyday users earn DeFi yields without needing to understand the technology underneath, and he grew it to 10,000 users through the Alliance DAO accelerator before joining Aave as VP of Product. The Aave App is a consumer savings and spending product designed for the 4 billion people worldwide who use fintech products but have never used DeFi. It offers stable savings rates, balance protection insured up to $1 million per customer. Behind it sits Aave V4 with a hub and spoke lending model, Aave Horizon for real world assets, and Aave Pro for regulated deposits and withdrawals. Mario's conversation with @dr3wrogers: 3:30 - From machine learning at Meta to building on stablecoins 6:05 - Alliance DAO and his first introduction to Aave 8:05 - How he's building for users who've never made an onchain transaction 9:49 - 10,000 users, $2,500 average balances, and what Stable learned 12:27 - The fintech test for crypto products 14:35 - Aave's evolution from ETH Lend to V4 17:20 - How the hub and spoke model changes onchain lending 18:57 - Why DeFi hasn't added net new users since the last bull cycle 22:01 - What Aave App offers everyday users worldwide 23:55 - The card strategy: earning yield until the moment you spend 26:52 - Why variable rates confused everyday users and the fix 29:18 - Multi-chain vaults and abstracting gas fees 31:10 - Why more education won't fix user trust 32:38 - Aave Horizon: real world assets as lending collateral 36:19 - Founder mentality inside a large protocol 38:46 - Rewriting Stable's codebase while running out of money 41:53 - 12 month vision for Aave App and V4 Episode 0051. Presented to you by @Altitude

USDT by @tether on Aave's @ethereum Core market is approaching $3 billion deposits.