Babylon promotes the Aave V4 native Bitcoin collateral scheme

According to reports from The Defiant, Babylon is pursuing a native Bitcoin-based collateralization scheme for Aave V4. The proposal states that the collateral assets will remain within the Bitcoin network, and the settlement process will be conducted using WBTC, with no additional permissions required. As for how risk parameters should be determined and what will happen during subsequent governance votes, these details have not yet been finalized.