🔥Major Proposal｜Babylon Labs Proposes Native BTC-Collateralized Lending on Aave V4—No Wrapping or Bridging Required
Babylon Labs has proposed that Aave V4 users be able to use native BTC as collateral in a non-custodial vault to borrow stablecoins directly, without bridging or wrapping BTC as WBTC.
If approved, the first $500,000 in qualifying annual revenue generated by this integration would go to the Aave DAO, subject to a governance vote.
Bring native BTC to Aave’s lending market, eliminating the risks of wrapped-asset bridge contracts.
$BTC $AAVE $BABY
Babylon Labs has proposed that Aave V4 users be able to use native BTC as collateral in a non-custodial vault to borrow stablecoins directly, without bridging or wrapping BTC as WBTC.
If approved, the first $500,000 in qualifying annual revenue generated by this integration would go to the Aave DAO, subject to a governance vote.
Bring native BTC to Aave’s lending market, eliminating the risks of wrapped-asset bridge contracts.
$BTC $AAVE $BABY