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Aave founder to revive ETHLend: Relaunch in 2026, using native BTC as collateral

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[BlockBeats] Aave’s founder Stani recently announced that they plan to revive the old project ETHLend in 2026. This time, the approach is a bit different—the Bitcoin collateral will use native BTC directly, without any of that wrapped token process.

Here’s a quick background: ETHLend is actually a relic, having been transformed into the current Aave back in 2018. Back then, it was a peer-to-peer lending application, which later evolved into the decentralized lending market we know today. Now, suddenly talking about a revival suggests they want to re-enter the Bitcoin lending space. Using native BTC as collateral is definitely interesting, since most protocols on the market currently require wrapping BTC before use.

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GasFeeLovervip
· 2h ago
Are old projects being revived again? 2026 is still far away, can we not have another big cake this time... The selling point of native BTC collateral is indeed fresh, but the competition in Bitcoin lending has already become so fierce, what makes Stani think ETHLend can turn things around?
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AirdropChaservip
· 17h ago
Haha, just use native BTC directly. This time Stani is serious. They really dare to revive old projects. Compared to all those new coins and new chains, this is indeed something special.
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ApeDegenvip
· 17h ago
Native BTC collateral is a good move, finally someone wants to do this directly. Just afraid that in 2026 it will be PPT coin again, who knows.
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OnchainDetectiveBingvip
· 17h ago
Are we rehashing old ideas again, directly using native BTC as collateral? Sounds good, but can it really be implemented?
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