#Aave is looking to invest in Bitcoin mining.#
Hot Topic Overview
Overview
Aave is considering a proposal to increase protocol revenue by investing in Bitcoin mining. The proposal, put forward by Bitcoin mining service provider Blockware Solutions, suggests using Aave funds to purchase the latest S21XP mining rigs, which are projected to yield a 33.03% net annualized return. Blockware Solutions will provide Aave with managed mining services and argues that the current market is a good time to enter Bitcoin mining as rig prices have dropped significantly. The proposal is currently in its initial discussion stages, and AAVE token holders will vote on whether to approve it.
Ace Hot Topic Analysis
Analysis
A proposal for Aave to invest in Bitcoin mining is currently in its initial discussion stage, put forward by Bitcoin mining service provider Blockware Solutions. The proposal suggests that Aave use protocol funds to purchase the latest S21XP mining rigs, and Blockware Solutions will provide managed mining services, with an estimated net annualized return rate of 33.03%. The proposal argues that the cost of Bitcoin mining has dropped significantly, with the price of S19J Pro mining rigs falling back to the $3,000-4,000 range, offering a significant advantage compared to the high point of over $15,000 during the last bull market, making it an ideal time to enter Bitcoin mining. The proposal aims to add a new revenue stream for the Aave protocol and accelerate the adoption of Aave stablecoins. Aave token holders will vote on the proposal, ultimately deciding whether to approve it.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aave investing in Bitcoin mining can increase protocol revenue and generate stable annualized net returns for Aave's treasury.
Through a partnership with Blockware, Aave can utilize its funds to purchase the latest S21XP mining rigs, projected to achieve a 33.03% net annualized return.
Currently, it is an ideal time to enter Bitcoin mining, as the price of S19J Pro mining rigs has dropped back to the $3000-4000 range, offering a significant advantage compared to the peak of over $15000 during the last bull market.
Aave investing in Bitcoin mining can accelerate the adoption of Aave stablecoins.