By tapping into this untapped opportunity, AAVE (GHO) aims to strengthen its treasury and increase Bitcoin holdings. This strategy will also enhance the stability of its stablecoin.
The first part of the proposal focuses on using part of the AAVE (GHO) treasury to mine Bitcoin with minimal effort.
AAVE Partners with Blockware for Instant Mining Gains
Partnering with Blockware Solutions, a trusted Mining-as-a-Service provider, AAVE can deploy mining rigs quickly and start generating cash flow immediately. The S21XP air-cooled unit promises a 33.03% net annualized return, making it an attractive, cost-effective strategy.
What’s more, AAVE (GHO) would allow users to purchase mining equipment with its stablecoin, offering seamless access to the Bitcoin mining market without requiring any upfront obligation.
🚨 AAVE Proposes Bitcoin Treasury
Governance temp check to:
>Establish a Bitcoin mining revenue stream using the treasury for capital gains and tax benefits.
>Integrate GHO directly into the Bitcoin network via a partnership with Blockware, allowing GHO to be used to purchase… pic.twitter.com/riaQ106yq1— matthew sigel, recovering CFA (@matthew_sigel) January 16, 2025
The second part of the strategy leverages economies of scale. With Blockware’s established infrastructure, AAVE (GHO) can take advantage of competitive electricity rates and discounted hardware pricing.
More About AAVE
Aave V1 launched on January 8th, 2020, when DeFi was still in its infancy, with only $3 billion in total TVL. At the time, the idea of decentralized finance revolutionizing the financial world seemed like a distant dream. Fast forward five years and Aave has become a cornerstone of the DeFi ecosystem, with over 2.3 million users. It is currently working across 11 blockchains, and 13 markets.
Aave turns 5 today 👻
2.3M+ users, 11 chains, 13 markets, and over $34B in TVL.
Aave is leading the DeFi Renaissance, committed to its mission of bringing global finance onchain. pic.twitter.com/bpNG1uuPUR
— Aave (@aave) January 8, 2025
The protocol has grown exponentially, surpassing $34 billion in total value locked (TVL), marking a significant milestone in the ongoing evolution of decentralized, transparent financial systems.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
