Base’s 24/7 stock market offers three-digit APRs for liquidity providers

Liquidity providers on Aerodrome, the dominant decentralized exchange on Base, are pulling in three-digit APRs on USDC-paired tokenized stock pools, confirmed by Base lead Jesse Pollak on September 22. From Wall Street hours to DeFi yields The tokenized stocks, designated with a “c” suffix (NVDAc for Nvidia, AAPLc for Apple, along with Meta), are represented as B20 tokens. Each token is backed 1:1 by actual shares held in regulated custody, which is the crucial detail that separates this from the many “synthetic stock” experiments that have come and gone in crypto. Non-US users can now trade these equities at any hour, on any day, with full DeFi composability baked in. That means the tokens aren’t just sitting in a wallet waiting to be sold. They can be lent, borrowed against, used as collateral, and plugged into automated strategies. When the tokenized stock pools first went live on Aerodrome in late August, emissions APRs ranged from roughly 29.6% to 49.5% for pairs like NVDA/USDC and AAPL/USDC. The NVDA/USDC pair alone recorded over $11.2 million in 24-hour transaction volume. Across four liquidity pools, Aerodrome processed approximately $103 million in trading volume shortly a...