Aave proposes to bring Threshold Network’s tBTC to Aave v3 on Ethereum

Aave has initiated a proposal to introduce Threshold Network's tBTC to the Aave v3 protocol on Ethereum. According to Snapshot information, tBTC is a digital asset pegged one-to-one with Bitcoin. Through the tBTC bridge, Bitcoin holders can participate in Ethereum's DeFi applications. This will provide Aave users with a unique wrapped Bitcoin, enabling a fully decentralized and permissionless lending experience. The next step will be to release the standard ARFC, collect feedback from the community and service providers, and then upgrade the proposal to the ARFC snapshot stage. If the ARFC snapshot result is positive, an AIP vote will be released to finally confirm and execute the proposal.