#Aave proposes to increase revenue through mining.#
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, which are projected to deliver 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 passed, Aave will delegate Blockware Solutions to operate Bitcoin mining rigs for it, aiming to generate more revenue for Aave's treasury.
Ace Hot Topic Analysis
Analysis
A proposal for Aave to generate revenue through Bitcoin mining is currently in the early stages of discussion, put forward by Bitcoin mining service provider Blockware Solutions. The proposal suggests using Aave funds to purchase the latest S21XP mining machines, which are projected to achieve a net annualized return rate of 33.03%. Blockware Solutions will provide Aave with managed mining services and claims that now is an ideal time to enter Bitcoin mining as the price of mining machines has fallen back 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 add a new revenue stream for the Aave protocol and accelerate the adoption of Aave stablecoins. Aave token holders will vote on whether to approve the proposal.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aave can increase protocol revenue and bring stable income to its treasury through Bitcoin mining.
Currently is an ideal time to enter Bitcoin mining, the price of mining machines has fallen back to a lower level, which has significant advantages compared to the previous bull market.
Blockware Solutions will provide Aave with managed mining services, which is expected to achieve a net annualized return of 33.03%.
The proposal is currently in the preliminary discussion stage and requires AAVE token holders to vote to decide whether to pass.