Aave Schedules Vote on Babylon Native Bitcoin Collateral for V4

The significance here is less about Bitcoin on Aave than about the governance sequencing: a risk-parameter proposal from LlamaRisk is being treated as a distinct step from the onchain vote that would actually switch the market on. That two-stage path keeps the 300 BTC cap a ceiling on ambition rather than an imminent change in protocol exposure. For Aave depositors and Babylon participants alike, the open question is whether the cap survives debate unchanged, and whether the second vote follows quickly or the proposal stalls between stages.