#Aave proposes to increase revenue through mining.#
Hot Topic Overview
Overview
Aave is considering boosting protocol revenue through Bitcoin mining. Blockware Solutions, a Bitcoin mining service provider, has submitted a governance proposal suggesting that Aave use its funds to purchase the latest S21XP mining rigs, with Blockware providing managed mining services. The proposal is expected to achieve a 33.03% net annualized return on investment. The proposal is currently in its preliminary discussion stage, and AAVE token holders will vote on whether to adopt it.
Ace Hot Topic Analysis
Analysis
Aave is considering a proposal to increase protocol revenue through Bitcoin mining, currently in the initial discussion phase. The proposal, put forward by Bitcoin mining service provider Blockware Solutions, suggests using Aave funds to purchase new S21XP mining rigs, projected to yield a 33.03% net annualized return. Blockware Solutions will provide Aave with managed mining services and emphasizes that the current market presents an ideal opportunity to enter Bitcoin mining, as mining rig prices have dropped to the $3,000-$4,000 range, significantly advantageous compared to the $15,000+ peak during the last bull run. The proposal aims to generate stable earnings for Aave's treasury and accelerate the adoption of Aave's stablecoin. Aave token holders will vote on the proposal, ultimately deciding whether to implement it.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aave can increase protocol revenue and generate stable annualized net returns for Aave's treasury by mining Bitcoin.
Now is an ideal time to enter Bitcoin mining as the price of mining rigs has fallen to lower levels.
Blockware Solutions will provide Aave with managed mining services, and is expected to achieve a net annualized return of 33.03%.
The adoption of Aave stablecoins may accelerate due to mining revenue.