#Aave Considers Mining for Increased Revenue#
Hot Topic Overview
Overview
Aave is considering adding protocol revenue through Bitcoin mining. Blockware Solutions, a Bitcoin mining service provider, has submitted a governance proposal to Aave, suggesting that Aave funds be used to purchase new S21XP mining rigs, which are estimated to generate a 33.03% net annualized return. The proposal is currently in the initial discussion phase, and Aave token holders will vote on whether to adopt it. If the proposal passes, Aave will partner with Blockware to have Blockware operate Bitcoin mining rigs on Aave's behalf, generating revenue for Aave's treasury.
Ace Hot Topic Analysis
Analysis
Aave is considering adding 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 projected to yield a 33.03% net annualized return on investment. The proposal is currently in its initial discussion phase. If passed, Aave will delegate Blockware to operate the Bitcoin mining rigs on its behalf, aiming to generate revenue for Aave's treasury. The proposal argues that now is an opportune time to enter Bitcoin mining, as the price of S19J Pro mining rigs has retreated to the $3,000-$4,000 range, offering a significant advantage compared to the high point of over $15,000 during the previous bull market. The proposal aims to increase revenue through mining and accelerate the adoption of Aave's stablecoin.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aave is considering adding protocol revenue through Bitcoin mining to improve the protocol's financial health.
Using Aave funds to purchase the latest S21XP miners is expected to generate a net annualized return of 33.03%.
Now is the ideal time to enter Bitcoin mining, with mining machine prices having fallen back to the $3000-4000 range, which is a significant advantage compared to the last bull market.
Blockware Solutions will provide managed mining services for Aave.