How to use Bitcoin to borrow on aave with ledger?

This page summarizes the projects mentioned and recommended in the original post on /r/ledgerwallet

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  • protocol-v2

    Aave Protocol V2

  • Send your BTC to an exchange that has WBTC (like Binance). Sell/trade to get WBTC. Send the WBTC on the ETH network to your Ledger ETH address. You'll need to use Metamask to do any trading/borrowing on Aave. Connect your Ledger to Metamask using "connect hardware wallet" - do NOT put in your seed phrase into Ledger. Go to Aave and connect Metamask. All transactions will need to be signed by you on your Ledger using the Ethereum app. Make sure you only go to the Aave official site (aave.com). Experiment with a small amount first - this may not be so easy for beginners.

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