According to Babylon, Aave DAO passed an ARFC proposal with 100% approval on November 9 to enable native Bitcoin as collateral on Aave V4 through Babylon Trustless Bitcoin Vaults (TBV). Bitcoin holders can lock native BTC in self-custody and borrow USDT, USDC, and other assets without wrapping, cross-chain bridges, or third-party custodians. The collateral factor and lending rates will match those of WBTC and cbBTC on Aave V4.

The integration will proceed to the final AIP phase for activation on Ethereum mainnet. Aave DAO and Babylon will share related revenues.

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