Aave’s live stock-token loans expose USDC lenders to a weekend price gap

Aave's Base market has accepted seven Coinbase stock tokens as collateral for USDC loans since Sept. 25, giving the stablecoin suppliers who opt in exposure to a weekend pricing gap. Aave Labs said on Sept. 25 that its V4 Equities Hub was operational after a temporary halt was lifted. Its Mag-7 lending spoke has a $21 million USDC draw cap, a ceiling on borrowing rather than a report of loans already made.Aave's lending system stays open while its stock-linked collateral feeds hold Friday's price until Sunday evening. A borrower can still trade a token during that gap, but a price-driven decline in the position's health may become visible to the protocol only when the feed resumes. If liquidators cannot recover enough value from seized tokens after that repricing, the opt-in USDC lending hub could be left with bad debt.A market open while its equity feed is closedAAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc and TSLAc are collateral only. USDC is the sole asset that borrowers can draw from the dedicated hub. LlamaRisk, which recommended the market's initial parameters, says USDC suppliers opt into this equity-backed exposure; it does not flow into Aave's other markets.The Chainlink equ...