Base Tokenized Stocks Incentive Program: Program Terms
Overview
Aave DAO governance approved a budget for this incentive program in [Direct-to-AIP] August/September 2026 Funding Update. Rewards are distributed through Merkl.
Eligible markets
Supply positions in the following assets on the Coinbase Stocks spoke on Aave V4: AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc, TSLAc (“Tokenized Stocks”).
Rewards
Eligible supply positions earn rewards in USDC. The rate is variable and not guaranteed. It may change with total participation. Accrued rewards can be claimed through Merkl at https://app.merkl.xyz/.
Duration
From Oct. 13, 2026 until the budget runs out. The program may be modified, paused, or ended early at any time, including to comply with law. Rewards accrued before a change stay claimable unless the claimant is ineligible.
Eligibility
The program is not available to:
(a) US persons or persons located in the United States;
(b) persons in any jurisdiction where the issuer does not make Tokenized Stocks available (https://www.coinbase.com/tokenize);
(c) persons in, or ordinarily resident in, comprehensively sanctioned jurisdictions, or persons or addresses on any sanctions list, including those of OFAC, the UN, the EU, and the UK;
(d) anyone for whom participation would be unlawful under their local law.
Representation
By claiming rewards, you represent that you are eligible under these terms. You also represent that you acquired and hold the Tokenized Stocks in compliance with the issuer’s terms and the laws that apply to you. Rewards accrued by ineligible persons are not validly earned and may be withheld.
About the assets
The Tokenized Stocks are issued by Coinbase under its own terms, which are available at https://www.coinbase.com/tokenize. They are not issued, sponsored, or endorsed by the Aave DAO, TokenLogic, Aave Labs, or the companies whose shares they reference. Nothing in this program is an offer, solicitation, or recommendation to buy, sell, or hold any security, and it is not investment, legal, or tax advice.
General Disclaimer
This post is provided for informational purposes only and does not constitute an offer, solicitation or recommendation of any kind, nor investment, legal, tax or other professional advice. The Aave DAO, TokenLogic and Aave Labs are not the issuer, sponsor, custodian or guarantor of the Tokenized Stocks or of any underlying assets. They make no representation or warranty, express or implied, about the value, performance, liquidity, redeemability or legal status of those assets, or about the companies they reference. The Tokenized Stocks are issued by a third party under its own terms, and holders rely solely on that issuer for any rights relating to them. The activity and tokens described in this post (the “Incentives”) are funded from a budget approved through Aave DAO governance and deployed directly to autonomous smart contract systems. The Incentives are not provided by, administered by or owed by any person or entity, and nothing in this post creates any contractual, fiduciary or other relationship. Supplying assets creates no right, claim or entitlement to the Incentives or to any other rewards or payments. Rates depend on market conditions and on-chain mechanics and are not guaranteed. The Incentives may change, run out or stop at any time without notice. All information is provided “as is” and may be incomplete or subject to change, and no person undertakes any obligation to update it. Interacting with smart contracts and digital assets involves substantial risk, including the possible total loss of funds. Do your own research, consult your own advisors and make sure you comply with the laws that apply to you. To the fullest extent permitted by applicable law, the Aave DAO, TokenLogic, Aave Labs and their respective contributors disclaim all liability for any loss or damage arising from or in connection with this post or the Incentives.