TechFlow news, January 17 — Bitcoin mining service provider Blockware Solutions has submitted a governance proposal to Aave, suggesting the addition of new revenue streams for the protocol through Bitcoin mining operations. The proposal is currently in the preliminary discussion phase and plans to use Aave funds to purchase the latest S21XP mining rigs, with an estimated net annualized return of 33.03%.
According to the proposal details, Blockware Solutions will provide custodial mining services for Aave. The proposal states: "Now is an ideal time to enter Bitcoin mining, as prices for S19J Pro miners have dropped to the $3,000–$4,000 range, offering a significant advantage compared to their previous bull market highs above $15,000."
The proposal emphasizes that this strategy would not only generate returns from Bitcoin mining but also benefit from potential miner appreciation. Additionally, Aave’s native stablecoin GHO could be used to purchase mining equipment, potentially increasing its adoption as a truly on-chain stablecoin.
