Mining company Blockware submitted a governance proposal to Aave, suggesting to increase protocol revenue through mining

ChainCatcher news, Bitcoin mining service provider Blockware Solutions has submitted a governance proposal to Aave, suggesting to generate new revenue streams for the protocol through Bitcoin mining operations. The proposal is currently in the preliminary discussion stage and plans to use Aave funds to purchase the latest S21XP mining machines, which are expected to achieve a net annualized return of 33.03%.

According to the proposal details, Blockware Solutions will provide Aave with managed mining services. The proposal states: "Now is the ideal time to enter Bitcoin mining, as the price of the S19J Pro mining machine has fallen to the $3000-$4000 range, which is a significant advantage compared to the previous bull market peak of over $15000."

The proposal emphasizes that this strategy can not only generate Bitcoin earnings through mining but also profit from the appreciation of the mining machines. At the same time, Aave's stablecoin GHO will be used to purchase mining machines, which is expected to enhance its adoption as a true on-chain stablecoin.