Euler Brings Tokenized S&P 500 to DeFi as Usable Collateral on Base
**Euler is launching credit infrastructure for deSPXA**, a tokenized S&P 500 index, on Base network.
**Key Details:**
- deSPXA tracks the S&P 500 directly from S&P Dow Jones Indices data, constructed fully onchain through Centrifuge's deRWA framework
- Not a wrapped ETF - the index is built natively onchain via the Janus Henderson Anemoy S&P 500 Index Fund
- Users can use deSPXA as collateral to borrow, hedge, or take directional positions
- Euler's vault architecture provides risk-isolated markets with independent parameters, curated by Clearstar Labs
The integration aims to transform tokenized assets from passive holdings into active financial instruments within DeFi. Launch expected soon on Base.