TL;DR
Aave Labs has proposed onboarding Circle Wrapped Bitcoin, or cirBTC, to Aave V3 Core and Aave V4 Core on Ethereum.
The proposal says cirBTC is an ERC-20 token backed 1:1 by Bitcoin custodied at a regulated Circle entity.
The move is still at the ARFC stage, meaning it needs community feedback, a Snapshot vote and a later AIP before any on-chain implementation.
If approved, the listing would give Aave users another Bitcoin-backed collateral option as the market for BTC wrappers becomes more competitive.
Aave Labs has opened a governance proposal to add Circle Wrapped Bitcoin, known as cirBTC, as collateral across Aave V3 Core and Aave V4 Core on Ethereum, putting one of DeFi’s largest lending markets directly into the growing debate over institutional Bitcoin wrappers.
The proposal, posted to the Aave governance forum on June 10, asks the community to consider onboarding cirBTC after Circle launched the ERC-20 token on Ethereum mainnet on June 8. According to the
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