#Aave Mining Profits#
Hot Topic Overview
Overview
Aave is considering adding protocol revenue through Bitcoin mining. Blockware Solutions, a Bitcoin mining service provider, has submitted a governance proposal suggesting the use of Aave funds to purchase the latest S21XP mining rigs, which are expected to achieve a 33.03% net annualized return on investment. 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 will provide managed mining services for Aave, helping the Aave treasury earn more revenue and accelerating the adoption of Aave stablecoins.
Ace Hot Topic Analysis
Analysis
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 expected to generate a net annualized return of 33.03%. The proposal is currently in the initial discussion phase. If approved, Aave will entrust Blockware with the operation of the mining equipment and share the profits. The proposal argues that the cost of Bitcoin mining has significantly decreased, with mining rig prices falling to the $3000-4000 range, a significant advantage compared to the highs of the previous bull market, making it an ideal time to enter Bitcoin mining. The proposal aims to bring new revenue streams to the Aave treasury and accelerate the adoption of Aave's stablecoin.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aave can increase protocol revenue by Bitcoin mining, bringing stable revenue to Aave's treasury.
Blockware Solutions proposes to provide managed mining services for Aave, using Aave funds to purchase the latest S21XP mining rigs, which is expected to achieve a net annualized return of 33.03%.
Now is an ideal time to enter Bitcoin mining, with mining rig prices having fallen back to the range of $3000-4000, a significant advantage compared to the peak of over $15000 in the last bull market.
Aave token holders will consider the Bitcoin mining proposal to accelerate the adoption of AAVE's stablecoin.