Centrifuge’s JAAA tokenized fund hits roughly 47% utilization across DeFi

Integrations with lending markets and liquidity providers are putting the Janus Henderson-linked CLO token to work on-chain Centrifuge’s JAAA tokenized fund has reached roughly 47% utilization. That figure reflects the token’s growing spread across DeFi protocols and liquidity providers. Centrifuge says the milestone comes from integrating with multiple protocols and liquidity providers. Utilization is the measure of how much of the tokenized product is being put to work through those channels. DefiLlama data puts Centrifuge’s total utilization rate at 47.6%. JAAA is a significant contributor to that platform-wide number. The research behind the milestone points to two main drivers.

Source: Crypto Briefing