A while ago, I wrote that one of my biggest issues with RWAs is that bringing assets onchain means almost nothing without practical utility across DeFi.
NUVA’s new RockawayX-curated vault is a step toward solving that. Users can deposit USDC and lend against nvPRIME collateral for a target return of 7.5%, with rewards distributed through Merkl.
nvPRIME holders can also borrow USDC without selling their position or giving up exposure to the underlying real-estate credit yield. This makes the token more useful and allows them to deploy that USDC elsewhere.
The 86% maximum LTV allows holders to borrow more against the same collateral, but leaves less cushion against a drop in nvPRIME before liquidation.
Matters because: This moves nvPRIME beyond passive RWA exposure and turns it into productive DeFi collateral.