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Aave Community Proposes Adding dlcBTC to Aave V3 on Ethereum and Arbitrum

CointimeCointime2024/06/25 06:43
By:Cointime

On June 25th, according to the official governance forum, the Aave community initiated a new proposal to add dlcBTC to Aave V3 on both Ethereum and Arbitrum. dlcBTC is a decentralized wrapping of Bitcoin on the Ethereum blockchain, allowing Bitcoin holders to participate in DeFi protocols while retaining full ownership of their assets. It uses Discreet Log Contracts (DLC) for secure cross-chain transactions, ensuring trustless and decentralized asset management.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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