The Aave proposal has passed, allowing users to borrow stablecoins such as USDC and USDT directly against native BTC.
The biggest breakthrough: there’s no need to wrap it as WBTC, use a cross-chain bridge, or hand it over to a third-party custodian. Your BTC remains securely locked on the Bitcoin mainnet. The initial collateral ratio is set at 78%, with a launch cap of 300 BTC.
This is an absolutely historic step for Aave:
It reaches beyond the Ethereum ecosystem and officially taps into Bitcoin, the largest pool of capital. Aave is transforming from a lending leader into a super credit layer for the entire crypto world.
Meanwhile, BTC worth trillions of dollars that has been “sitting idle” finally has a way to earn yield without sacrificing decentralized security. The DeFi landscape is about to be rewritten.
The biggest breakthrough: there’s no need to wrap it as WBTC, use a cross-chain bridge, or hand it over to a third-party custodian. Your BTC remains securely locked on the Bitcoin mainnet. The initial collateral ratio is set at 78%, with a launch cap of 300 BTC.
This is an absolutely historic step for Aave:
It reaches beyond the Ethereum ecosystem and officially taps into Bitcoin, the largest pool of capital. Aave is transforming from a lending leader into a super credit layer for the entire crypto world.
Meanwhile, BTC worth trillions of dollars that has been “sitting idle” finally has a way to earn yield without sacrificing decentralized security. The DeFi landscape is about to be rewritten.