#Aave Mining with Funds#
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 the latest S21XP mining rigs, which are projected to achieve a 33.03% net annualized return on investment. The proposal is currently in its initial discussion phase, and Aave token holders will vote on whether to adopt it. The proposal argues that the current moment is ideal for entering Bitcoin mining, as the price of mining rigs has fallen to lower levels, offering a significant advantage compared to the previous bull market. If approved, Aave would collaborate with Blockware, with Blockware providing hosted mining services and generating stable annualized net returns for Aave's treasury.
Ace Hot Topic Analysis
Analysis
Aave's proposal to use funds for mining is currently in the early discussion stage, proposed by Bitcoin mining service provider Blockware Solutions. The proposal suggests utilizing Aave's funds to purchase the latest S21XP mining rigs, generating a new revenue stream for the protocol through a managed mining service. The proposal anticipates a net annualized return rate of 33.03%, highlighting the current favorable market conditions for Bitcoin mining, as S19J Pro mining rig prices have retreated to the $3,000-$4,000 range, significantly lower than the $15,000+ peak during the previous bull run. This proposal aims to generate additional revenue for Aave's treasury and accelerate the adoption of Aave stablecoins. AAVE token holders are currently considering the proposal, with the final decision to be made through community voting.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aave proposes to use borrowed funds for mining, aiming to increase protocol revenue and accelerate the adoption of Aave stablecoins.
Through mining, Aave expects to achieve a net annualized return of 33.03% on its stablecoins.
Blockware Solutions will provide managed mining services for Aave.
Currently, it is an ideal time to enter Bitcoin mining, as miner prices have fallen back to the $3000-4000 range, significantly advantageous compared to the high point of over $15000 during the previous bull market.