The Ethereum-based cryptocurrency lending protocol, Aave, is witnessing a rapid influx of Coinbase Wrapped Bitcoin (cbBTC) into its platform thanks to a new incentive program.

- This reflects increased liquidity and growing acceptance of the wrapped Bitcoin product on Aave. However, market analysis platform IntoTheBlock warns that users may face temporary risks of being unable to repay loans if the situation deteriorates.

- Since Aave DAO launched the cbBTC incentive program on October 24th, the amount of this token on the protocol has increased by an additional 2,700 BTC, equivalent to approximately 200 million USD, bringing the total cbBTC on the network to 7,500 BTC.

- This development opens up the strategy "lend cbBTC -> borrow USDC -> lend USDC", but also puts users at risk if there is a sudden withdrawal of USDC supply from whales.

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