Dialectic Launches SpaceX Yield Vault Using Aave Loans on Base

The interesting part here isn't the SpaceX exposure itself but the plumbing: tokenized private equity is being treated as loan collateral inside Aave's capped system on Base, which turns a normally illiquid holding into a levered yield source. The 37,000-token cap suggests the protocol is deliberately limiting how much of this collateral it will absorb, and the stated liquidation risk is the trade-off for that yield. Who this touches most is anyone holding tokenized equity expecting it to behave like a passive position. Whether the cap stays fixed or gets revisited as demand for tokenized private shares grows is the open question.