According to Foresight News, the Aave Chan Initiative (ACI) released the ARFC proposal "Introducing cbBTC in Aave v3 on Base and Ethereum" in the Aave governance section. cbBTC is Coinbase's upcoming Bitcoin packaging product, which will be launched in the next few weeks. The proposal points out that the introduction of cbBTC in Aave V3 will provide users with Bitcoin utilization options and increase liquidity and participation within the protocol. The Aave Merit program will provide a reward of $150,000 within 3 months.