Centrifuge’s integration with Aerodrome is making RWAs accessible on DeFi platforms.
Summary
- Centrifuge launched decentralized RWAs on Aerodrome, one of the largest EVM-based DEXs
- Users can trade these deRWAs and use them as collateral across the EVM ecosystem
- The protocol plans to expand this standard to the Ethereum mainnet and Solana.
Real-world assets and decentralized finance are increasingly converging. On Wednesday, August 20, Centrifuge officially launched decentralized RWA tokens on Aerodrome, one of the largest DEXs on Base (BASE). The move makes RWAs tradable and usable as collateral on DeFi platforms across EVM chains.
“This is the inflection of connecting Centrifuge and deRWA tokens to become available everywhere,” said Bhaji Illuminati, CEO of Centrifuge. “We are already connected to platforms that collectively reach over 200 million users, and we are building toward a future where real-world assets are a visible and natural part of every DeFi experience.”
Decentralized RWAs, or deRWA, are a type of tokenized asset that can be fully integrated into DeFi. The first asset that will be available on the deRWA format is deJAAA, a tokenized version of the Janus Henderson Anemoy AAA CLO Fund. It is an actively managed ETF fund that invests in AAA-rated collateralized loan obligations.
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deRWAs available on Coinbase, OKX, and Bitget
The launch makes the deJAAA fund available to Coinbase’s DEX trading platform. Moreover, users of OKX Wallet and Bitget Wallet will also be able to trade the deJAAA tokens through their respective DEX aggregators. In total, the fund will be accessible to some 200 million users, Centrifuge estimates.
“Until now, Base liquidity has been dominated by DeFi-native assets. deRWA from Centrifuge changes that, introducing institutional-grade assets with stable yields natively integrated into DeFi,” Aerodrome co-founder Alex Cutler said.
Centrifuge plans to expand its deRWA offerings with new tokenized assets. Moreover, the project stated that it also plans to expand to the Ethereum (ETH) Mainnet and Solana (SOL) in the coming weeks.
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