Aave Schedules Governance Vote on Babylon Native Bitcoin Collateral for V4
(2 hours ago) · 1 source · Summarized by CryptoBipto
Aave, one of the largest decentralized lending protocols, has scheduled a governance vote to add native Bitcoin collateral through Babylon for its upcoming V4 version. The proposal would allow users to use Bitcoin directly as collateral on the Aave platform without relying on wrapped versions of Bitcoin. The vote represents a potential expansion of how Bitcoin can be used within decentralized finance.
WHY IT MATTERS
Think of Aave like a decentralized bank where you can deposit one type of cryptocurrency and borrow another.
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SOURCES
- thedefiant.io
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