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Aave is gauging community interest in deploying Spiderchain on Bitcoin L2

Aave is gauging community interest in deploying Spiderchain on Bitcoin L2

CointimeCointime2024/11/16 01:44
By:Cointime

the lending agreement Aave is seeking community feedback to understand the level of interest in deploying Spiderchain on the Bitcoin L2 network. The driving force behind the protocol, Aave-Chain Initiative (ACI), has released a consultation draft seeking feedback on a proposal from Spiderchain developer Botanix Labs, aimed at expanding the scale of lenders and locking more than $17 billion in value in the emerging Bitcoin DeFi environment. After collecting feedback, the protocol will need to identify and mitigate potential security risks. ACI has not provided an expected timeline for this process.

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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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