🚨 On November 9, the Aave DAO adopted an ARFC proposal approved by 100% of voters, enabling native Bitcoin to be used as collateral on Aave V4 through Babylon’s Trustless Bitcoin Vaults (TBVs). Bitcoin holders can lock up their native BTC without giving up self-custody and borrow USDT, USDC, and other assets without wrapping, cross-chain bridges, or third-party custodians. The collateral factor and borrowing rates will match those for WBTC and cbBTC on Aave V4.

The integration will move to its final stage—the AIP proposal—with a view to activation on the Ethereum mainnet. The Aave DAO and Babylon will share the associated revenue.
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