Aave DAO Opens Snapshot Vote on Native Bitcoin Collateral Plan
Photo: TokenPost
Aave DAO has opened a Snapshot vote on a plan to let users borrow stablecoins against native Bitcoin (BTC), advancing an Aave V4 proposal that would keep the collateral on Bitcoin’s network. The vote runs Nov. 6-9 ET. Users would lock BTC in Babylon’s Trustless Bitcoin Vaults and borrow stablecoins through Aave. An Ethereum token would represent each collateral position, while the underlying BTC remains on Bitcoin; the token would be restricted to the lending system. The vote follows an earlier period of community comment and risk review for Babylon’s native-Bitcoin plan for Aave V4 .
Also reported by The Defiant.
Source: TokenPost
