# Aave DAO Opens Snapshot Vote on Native Bitcoin Collateral Plan By Simon Yoon Canonical URL: https://www.tokenpost.com/news/technology/50986 Published: 2026-11-07T18:11:13.000Z Updated: 2026-11-07T18:11:13.000Z Section: Technology > The vote runs Nov. 6-9 ET. LlamaRisk recommended a 300 BTC cap and a 78% collateral factor, but neither parameter has been approved. Aave DAO has opened a Snapshot vote on a plan to let users borrow stablecoins against native Bitcoin (BTC), advancing an Aave V4 proposal that would keep the collateral on Bitcoin’s network. The vote runs Nov. 6-9 ET. Users would lock BTC in Babylon’s Trustless Bitcoin Vaults and borrow stablecoins through Aave. An Ethereum token would represent each collateral position, while the underlying BTC remains on Bitcoin; the token would be restricted to the lending system. The vote follows an earlier period of community comment and risk review for [Babylon’s native-Bitcoin plan for Aave V4](). Risk service provider LlamaRisk recommended an initial cap of 300 BTC and a 78% collateral factor. Neither parameter has been approved. Even if the Snapshot vote passes, the market would still need a separate onchain governance vote before it could go live. ## Links in this article - [Babylon’s native-Bitcoin plan for Aave V4](https://www.tokenpost.com/news/technology/32416)