Aave's tokenholders are contemplating entering Bitcoin mining to enhance revenues and promote adoption of its GHO stablecoin, as outlined in a proposal from Blockware Solutions on the governance forum. The proposal suggests enlisting Blockware to manage Bitcoin mining operations for Aave, targeting a 33.03% net annualized return for its treasury. It posits that mining might not only improve the protocol's financial standing but also facilitate capital gains tax depreciation strategies. Furthermore, the integration of GHO into the Bitcoin network seeks to allow miners and retail customers to pay for mining equipment using AAVE (GHO). Despite the potential benefits, there is skepticism within the community about the profitability and costs associated with Bitcoin mining. Aave launched its GHO stablecoin in July 2024, but its current market capitalization of $166 million is significantly lower than that of leaders like Tether. The proposal aims to establish GHO as a Bitcoin-powered stablecoin with tangible value amidst a growing landscape of Bitcoin mining activity.

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