#Aave Yield Farming#
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 to Aave suggesting the use of Aave funds to purchase the latest S21XP miners, with an estimated net annualized return rate of 33.03%. The proposal is currently in the preliminary discussion stage. If passed, Aave will delegate Blockware to operate the Bitcoin mining rigs on its behalf. The proposal argues that this is an ideal time to enter Bitcoin mining, as mining rig prices have fallen to the $3,000-$4,000 range, offering a significant advantage compared to the peak of the last bull market.
Ace Hot Topic Analysis
Analysis
Aave's proposal to increase revenue through Bitcoin mining is currently in the early stages of discussion, put forward by Bitcoin mining service provider Blockware Solutions. The proposal suggests utilizing Aave funds to purchase the latest S21XP mining machines, projected to achieve a 33.03% net annualized return on investment. Blockware Solutions will provide Aave with managed mining services and promises to generate a “33.03% stable annualized net return” for Aave’s treasury. The proposal argues that now is an opportune time to enter Bitcoin mining, as the price of S19J Pro mining machines has retreated to the $3,000-$4,000 range, offering a significant advantage compared to the $15,000+ highs of the previous bull run. The proposal aims to add a new revenue stream to the Aave protocol and accelerate the adoption of Aave stablecoins. Currently, AAVE token holders are considering the proposal, and the final outcome remains to be determined.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aave can increase protocol revenue and generate stable income for its treasury through Bitcoin mining.
Currently, it is an ideal time to enter Bitcoin mining as mining rig prices have fallen to historic lows, offering significant advantages.
Blockware Solutions will provide Aave with managed mining services and is expected to achieve 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.