DeFi

Ledger said it has launched a new feature that lets users borrow stablecoins using bitcoin as collateral without giving up self-custody. The Crypto Loan feature allows Ledger Wallet users to post wrapped bitcoin and borrow USDC or USDT inside the app, with all loan actions confirmed on a Ledger hardware device. The tool is powered by the on-chain lending network Morpho and is integrated via Yield.xyz, Ledger said. Ledger also added direct access to Morpho’s lending markets and curated vaults across Ethereum and major layer-2 networks for depositing, borrowing and earning.

Superform has activated yield strategies for Coinbase tokenized stocks on Base, automating rule-based operations through SuperformOS and using Aave. During the pre-deposit period, superNVDA drew nearly 10% of all NVDAc issued on Base. The launch is part of Superform’s SuperStocks lineup, which aims to turn tokenized equities into yield-bearing onchain collateral and expand using Aave V4. Coinbase tokenized stocks have surpassed $1.5B in onchain volume on Base in 6 weeks, but returns are variable and subject to borrowing-rate, liquidity, market, oracle, smart-contract, and liquidation risks.

Aave V3’s Monad market is nearing a rollover of about 67.4 million PT-AUSD-8OCT2026 tokens posted as collateral as the fixed-yield position approaches its Oct. 8 maturity. Over the past 15 days, active AUSD loans rose 113% to $8.7 million while user deposits more than doubled to $11.2 million. The collateral market started with a 20 million-token supply cap and was later raised to 40 million. Pendle’s December-maturity PT implies a yield of about 5.64%, and the Aave-Pendle integration is keeping fixed-yield capital circulating inside DeFi rather than exiting.

Centrifuge said it has deployed three tokenized credit funds on Circle’s Arc public mainnet. Arc went live on September 16, 2026, positioning the blockchain to bridge traditional finance and digital assets. New York Life Investment Management managed about $807 billion in assets, according to a Centrifuge recap published in July. The deployment brings on-chain credit funds to the Arc ecosystem, adding momentum to institutionally focused tokenization of real-world assets on compliant infrastructure.

Aave has raised the GHO borrowing rate on its Ethereum Core market from 4.25% to 4.5% to match the sGHO savings rate and remove an arbitrage gap that was funded by the DAO. TokenLogic proposed the adjustment on Oct. 2, alongside lifting the base rate from 2.75% to 3% and the optimal utilization APR from 4% to 4.25%. The change is intended to encourage borrowers to source repayment GHO via stability modules so reserves can be replenished, according to TokenLogic.

The number of tokenized equity holders on the Solana blockchain has surpassed 1 million for the first time. The milestone signals a new high in adoption of real-world asset tokenization on the network. It also reflects market validation of Solana’s infrastructure for supporting compliant security tokens.

JustLend, a TRON-focused lending protocol, has about $3.84 billion in TVL, up about 16% from roughly $3.3 billion in the first quarter. Its token JST trades around $0.113, up about 31% for the quarter, and the protocol has completed three burn rounds totaling about 13.56 billion JST, funded by net protocol revenue. The V2 upgrade added isolated markets, ERC-4626 vaults and an adaptive interest-rate model; the protocol now has 18 active markets and has expanded beyond lending into sTRX liquid staking, Energy rentals and DAO governance.

Hyperliquid has rolled out manual borrowing on its Portfolio Margin, built on the same underlying HyperCore infrastructure. The feature recorded $269M in assets borrowed at launch. Users can post HYPE and BTC as collateral to borrow quote assets, USDC and USDT. Interest rates for borrowed and supplied quote assets are determined by pool utilization.

Cryptography company Zama said it will open 16 confidential vaults on the Morpho protocol after its total value locked reached $40 million. The rollout marks a further expansion of the Morpho ecosystem. The confidential vault feature is expected to improve privacy and capital efficiency for on-chain lending. The partnership also signals continued institutional investment in decentralized lending infrastructure, with MORPHO positioned to benefit from the ecosystem’s growth.

Solana has implemented an adjustment to reduce the issuance of SOL tokens. The change has directly lowered on-chain staking yields, which are now around 2.25%. By slowing the pace of new token issuance, the network aims to curb inflation. The shift affects Solana’s economic model and token supply by reducing the return from staking rewards.