On our latest episode of "The Vault" @alphaleaked, from @aave, framed how borrowing against native BTC through TBVs will be like taking out a loan against a bar of gold that is still sitting in your own safe. Here's the flow on the current design: --> the user sets up the vault, -->  deposits BTC to the vault address on Bitcoin, -->  waits for finality, -->  then uses the resulting vault-linked collateral to borrow on Aave. Very different from the usual bridge-first, wrap-first, trust redemption later flow as seen on wrapped versions.