Babylon advances native Bitcoin collateral plan for Aave V4
Photo: Crypto Briefing
The proposal keeps BTC on the Bitcoin network while paying liquidators in WBTC, but risk settings and further governance votes are still pending Babylon Labs is pushing forward a plan to let people borrow on Aave V4 using Bitcoin that never leaves the Bitcoin network. The pitch is simple. Your BTC stays put, you borrow against it, and nobody has to hold your coins for you. The catch, as with most things in DeFi governance, is that the paperwork isn’t finished.
Also reported by The Defiant.
Source: Crypto Briefing
