#Aave or yield farming business#
Hot Topic Overview
Overview
Aave is considering increasing 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 new S21XP mining rigs, which are expected to generate a 33.03% net annualized return. The proposal is currently in the initial discussion phase and if passed, Aave will engage Blockware Solutions to provide managed mining services. The proposal argues that the current downturn in Bitcoin mining rig prices presents an ideal opportunity to enter the mining space. Aave token holders will vote on the proposal to decide whether to adopt it.
Ace Hot Topic Analysis
Analysis
Aave is considering adding protocol revenue through Bitcoin mining operations. 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 miners, which are expected to generate a net annualized return of 33.03%. The proposal is currently in the initial discussion stage, and Aave token holders will vote on whether to adopt it. If the proposal passes, Blockware Solutions will provide Aave with managed mining services. The proposal argues that the current time is ideal for entering Bitcoin mining as the price of S19J Pro miners has fallen back to the $3,000-4,000 range, offering a significant advantage compared to the highs above $15,000 during the previous bull market. The proposal aims to generate more revenue for Aave's treasury through mining operations and accelerate the adoption of Aave's stablecoin.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aave increases protocol revenue through Bitcoin mining operations and drives adoption of the AAVE stablecoin.
Blockware Solutions provides managed mining services and expects to achieve a 33.03% net annualized return.
Now is an ideal time to enter Bitcoin mining, as miner prices have fallen to lower levels.
Aave funds will be used to purchase the latest S21XP miners to achieve higher returns.