According to CoinMeta, AAVE DAO passed the ARFC proposal on November 9th with 100% approval. The Babylon Trustless Bitcoin Vaults ( TBV ) will enable native Bitcoin as collateral on AAVE V4. Bitcoin holders will be able to lock their native BTC in a self-managed manner and borrow assets such as USDT and USDC without the need for encapsulation, cross-chain bridges, or third-party custody agreements. The collateral ratios and lending rates for this integration are comparable to those of encapsulated assets like WBTC and CBBTC on AAVE V4 Core Spoke. AAVE DAO will share the relevant revenues with Babylon and use a portion of it for repurchasing AAVE and BABY. The next step will be to enter the final AIP phase to activate this integration on the Ethereum mainnet.