Aave Considers Expanding Its DeFi Footprint to the Bitcoin Ecosystem

A governance proposal aims to integrate Aave V3 with Spiderchain, an EVM-compatible layer two (L2) network on Bitcoin.

Aave V3 Deployment on Spiderchain: Expanding DeFi Footprint in Bitcoin Realm

Key Highlights:

Aave governance proposal aims to integrate Aave V3 with Spiderchain, an EVM-compatible L2 network on Bitcoin.

The L2 solution combines Bitcoin's security with Ethereum's programmability, offering a decentralized platform for lending, borrowing, and trading applications.

Spiderchain boasts decentralized multi-sig wallets, PoS consensus, and low transaction costs, aiming to provide a decentralized synthetic representation of Bitcoin.

The proposal highlights the potential to enhance Aave's liquidity options, attract Bitcoin holders, and diversify Aave's Bitcoin-based assets.

Botanix Labs also plans to integrate GHO into the Spiderchain ecosystem, enabling users to borrow against BTC collateral with GHO, generating additional revenue for the Aave DAO.

Aave’s governance members are currently discussing a proposal to deploy Aave Version 3 (V3) on Spiderchain, an Ethereum Virtual Machine (EVM)-compatible layer two (L2) network on Bitcoin.

The proposal, authored by ACI, aims to integrate Aave V3 with Spiderchain, an L2 network on Bitcoin. If approved, the move could expand Aave's presence in the Bitcoin ecosystem and further its goal of becoming a cross-chain liquidity market.

Aave governance members are currently discussing a proposal to integrate Aave V3 with Spiderchain, an L2 network on Bitcoin. If approved, the move could expand Aave's presence in the Bitcoin ecosystem and further its goal of becoming a cross-chain liquidity market.

Aave governance members are currently discussing a proposal to integrate Aave V3 with Spiderchain, an L2 network on Bitcoin. If approved, the move could expand Aave's presence in the Bitcoin ecosystem and further its goal of becoming a cross-chain liquidity market.

Aave governance members are currently discussing a proposal to integrate Aave V3 with Spiderchain, an L2 network on Bitcoin. If approved, the move could expand Aave's presence in the Bitcoin ecosystem and further its goal of becoming a cross-chain liquidity market.

Aave governance members are currently discussing a proposal to integrate Aave V3 with Spiderchain, an L2 network on Bitcoin. If approved, the move could expand Aave's presence in the Bitcoin ecosystem and further its goal of becoming a cross-chain liquidity market.

Aave governance members are currently discussing a proposal to integrate Aave V3 with Spiderchain, an L2 network on Bitcoin. If approved, the move could expand Aave's presence in the Bitcoin ecosystem and further its goal of becoming a cross-chain liquidity market.

Aave governance members are currently discussing a proposal to integrate Aave V3 with Spiderchain, an L2 network on Bitcoin. If approved, the move could expand Aave's presence in the Bitcoin ecosystem and further its goal of becoming a proof-of-work (PoW)defi hub.

Aave governance members are currently discussing a proposal to integrate Aave V3 with Spiderchain, an L2 network on Bitcoin. If approved, the move could expand Aave's presence in the Bitcoin ecosystem and further its goal of becoming a decentralized synthetic representation of Bitcoin.

Aave governance members are currently discussing a proposal to integrate Aave V3 with Spiderchain, an L2 network on Bitcoin. If approved, the move could expand Aave's presence in the Bitcoin ecosystem and further its goal of becoming a decentralized synthetic representation of Bitcoin, designed to minimize counterparty risk in wrapped Bitcoin derivatives.

Aave governance members are currently discussing a proposal to integrate Aave V3 with Spiderchain, an L2 network on Bitcoin. If approved, the move could expand Aave's presence in the Bitcoin ecosystem and further its goal of becoming a decentralized synthetic representation of Bitcoin, designed to minimize counterparty risk in wrapped Bitcoin derivatives.

Aave governance members are currently discussing a proposal to integrate Aave V3 with Spiderchain, an L2 network on Bitcoin. If approved, the move could expand Aave's presence in the Bitcoin ecosystem and further its goal of becoming a decentralized synthetic representation of Bitcoin, designed to minimize counterparty risk in wrapped Bitcoin derivatives.

Aave governance members are currently discussing a proposal to integrate Aave V3 with Spiderchain, an L2 network on Bitcoin. If approved, the move could expand Aave's presence in the Bitcoin ecosystem and further its goal of becoming a decentralized synthetic representation of Bitcoin, designed to minimize counterparty risk in wrapped Bitcoin derivatives.

Aave governance members are currently discussing a proposal to integrate Aave V3 with Spiderchain, an L2 network on Bitcoin. If approved, the move could expand Aave's presence in the Bitcoin ecosystem and further its goal of becoming a decentralized synthetic representation of Bitcoin, designed to minimize counterparty risk in wrapped Bitcoin derivatives.

Aave governance members are currently discussing a proposal to integrate Aave V3 with