#Aave Explores New Mining Revenue#

Aave is exploring new ways to increase protocol revenue through Bitcoin mining. Blockware Solutions, a Bitcoin mining service provider, has submitted a governance proposal to Aave, suggesting the use of Aave funds to purchase the latest S21XP mining rigs, which are expected to achieve a 33.03% net annualized return. The proposal is currently in the preliminary discussion phase. If passed, Aave would delegate the operation of the Bitcoin mining rigs to Blockware and receive revenue from them. The proposal argues that the cost of Bitcoin mining has significantly decreased, with the price of S19J Pro miners falling back to the $3,000-$4,000 range, a significant advantage compared to the highs of over $15,000 during the last bull market. Therefore, the current moment is considered an ideal time to enter the Bitcoin mining market. If the proposal is ultimately approved, Aave would become one of the first DeFi protocols to increase protocol revenue through mining, bringing a new source of revenue to Aave’s treasury and potentially accelerating the adoption of Aave’s stablecoin.