Aave has adopted Chainlink’s 24/7 price feeds for its Horizon lending platform, bringing weekend and holiday valuations to tokenized collateral, starting with heavily traded U.S. equities.
Summary
- Aave Horizon is using Chainlink’s 24/7 feeds to value tokenized real-world assets pledged as collateral.
- Weekend prices draw on perpetual futures venues while the underlying traditional stock exchanges remain closed.
- Institutional borrowers must meet issuer requirements before using tokenized assets to access Horizon’s stablecoin liquidity.
- Horizon’s existing documentation describes price safeguards designed to prevent faulty valuations from triggering liquidations.
Chainlink identified Aave as its official launch partner in posts published on Nov. 2, highlighting collateral management as one application for its continuous market data service. The posts follow the product’s October launch and name a lending use case alongside round-the-clock derivatives trading.
As crypto.news previously reported, the 24/7 pricing launch brought weekend and holiday coverage to a service whose earlier version covered weekday sessions. The announcement identified lending, prediction markets and perpetual futures among its applications.
Chainlink 24/7 uses derivatives prices when exchanges close
In its product announcement, Chainlink says Horizon is using the feeds for tokenized RWA collateral, beginning with high-volume U.S. equities.
“With Chainlink 24/7, Aave can reliably value RWA collateral through weekends and holidays,” Aave founder and CEO Stani Kulechov said in the announcement.
During active sessions, the service draws on existing 24/5 data. After traditional markets close, it switches to quotes from multiple perpetual futures venues. Weekend values therefore come from derivatives trading, rather than transactions on a closed stock exchange.
Chainlink says the system removes stale inputs and limits outliers, while its session-aware methodology manages transitions between sources. At the regular-session opening bell, the feed preserves immediate price discovery.
Lending applications receive onchain updates through Data Feeds. Data Streams provide another delivery route, with session information that applications can use when adjusting risk settings.
Aave Horizon separates qualified borrowers from stablecoin lenders
Aave’s Horizon documentation describes a separate, licensed instance of the protocol for institutional and qualified participants. Borrowers supply permissioned real-world assets, while stablecoin liquidity comes from pools open to suppliers without issuer approval.
Access to collateral depends on the asset issuer’s requirements. Onboarding typically includes identity verification, compliance checks, and acceptance of terms before an investor joins the issuer’s allowlist.
Deposited RWAs cannot be borrowed by other participants. Their receipt tokens are non-transferable, keeping collateral positions with the original supplier.
Borrowers must maintain the required collateralization ratios, with liquidation possible when positions fall below the applicable thresholds. Loan-to-value limits and liquidation settings depend on each asset’s characteristics and regulatory requirements.
The documentation names USDC, RLUSD and GHO as borrowable stablecoins. Stablecoins supplied to those pools cannot themselves serve as collateral in Horizon.
Horizon documents safeguards against faulty collateral prices
For its existing issuer-reported net asset value feeds, Horizon describes an oracle safeguard developed with Chainlink and LlamaRisk. Upper and lower bounds determine whether a new valuation can be published.
Updates outside those bounds are rejected, leaving the last valid price in place. A breach triggers an emergency response that prevents new borrowing and further exposure while the cause is investigated.
The documented NAV safeguards address erroneous issuer valuations; they do not establish the specific settings for the newly described equity feeds.
In its August 2025 launch announcement, Aave said Horizon had adopted Chainlink SmartData through NAVLink to deliver collateral valuations. The platform launched on Ethereum using Aave Protocol version 3.3, with borrowing and lending executed through smart contracts.
Aave described its non-custodial structure as preventing Aave Labs from moving user funds. Issuers retain responsibility for whitelisting, identity checks, and asset management.
Horizon’s original collateral included US Treasury exposure
At launch, Horizon supported Superstate’s USTB and USCC alongside Centrifuge’s JRTSY and JAAA, according to Aave’s announcement. The products covered short-duration U.S. government securities, crypto carry strategies, Treasury bills and AAA-rated collateralized loan obligations.
Circle’s USYC was listed as an upcoming addition at that time, offering qualified investors exposure to short-duration U.S. Treasury bills.
Aave said institutions could borrow against their holdings without selling or redeeming the underlying tokenized assets. Stablecoin suppliers received interest-bearing receipt tokens representing their deposits, with borrowing demand providing the lending opportunity.
The launch announcement named LlamaRisk as a risk-analysis provider and said Chaos Labs would join as a risk-management provider.
