#baby $BABY At first I assumed a dedicated Bitcoin-backed Spoke was just Aave making room for more collateral types, another line item on the risk parameters page. But isolating BTC liquidity into its own spoke does something quieter: it separates behavior. Bitcoin holders who bridge in aren't chasing yield the way stablecoin depositors are, they're testing whether their asset can work without being sold. That's a different kind of user, and a different kind of patience. The friction shows up early. Bridging, wrapping, verifying custody assumptions, none of that is instant, and each step filters out anyone who wasn't already convinced. What's left are depositors who arrive slower and, historically, leave slower too. A dedicated spoke doesn't manufacture demand. It just gives existing conviction somewhere specific to sit. Whether that becomes durable liquidity or a one-time migration of dormant BTC probably depends on something the interface can't control: what people were planning to do with that Bitcoin anyway.