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Cito
@Cryptocito
Media & Events since 2017. Sovereign, interoperable finance. Founder @CosmoverseHQ @Stakecito
Joined November 2017
862 Following    122.4K Followers
$BABY x $AAVE Babylon just proposed to bring native #Bitcoin# to Aave, the largest lending protocol in crypto. The idea is simple: you lock your Bitcoin in a vault that stays on the Bitcoin blockchain and Aave lets you borrow stablecoins against it. There is no bridge, no custodian and no wrapped version of your Bitcoin in between. Rob from Digital AssetNews told us on Double Down how he lost his Bitcoin to Celsius, because the lender was holding it when things went wrong. This setup is built so the lender never holds it in the first place. It is still a proposal and the Aave community has to vote on it before anything goes live. Full transparency: I hold BABY and Babylon presents Double Down.
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