Centrifuge’s deSPXA token, representing exposure to the Janus Henderson Anemoy S&P 500 Index Fund, is now accepted as collateral on the Hyperdrive lending market. This platform, built for real-world assets on the Base network, allows eligible non-US users to deposit the token and borrow USDC.
As of early October 2026, Hyperdrive is promoting borrowing rates below 1% APR for loans backed by deSPXA. To encourage liquidity, the platform announced a 50 000 USDC incentive program for lenders on September 29, 2026, which will be distributed over a six-month period.
The platform utilizes a redemption-based model tied to net asset value to price collateral and mitigate liquidation risks. As of September 26, 2026, the dedicated deSPXA market vault on Base held approximately $15 900 in total value locked, with the share token priced near 1.004 USDC.
The deSPXA token launched on Base on March 30, 2026, as the first product under Centrifuge’s deRWA framework. Beyond Hyperdrive, the token is supported for lending on Morpho with a 77% loan-to-value ratio and is available for trading on the decentralized exchange Aerodrome.
