PANews reported on December 18 that according to The Block, according to the relevant page, Polygon community members rejected a preliminary proposal that suggested deploying more than $1 billion in stablecoin reserves to generate income. The proposal was proposed by Web3 venture provider Allez Labs in collaboration with DeFi protocols Morpho and Yearn, aiming to use approximately $1.3 billion in DAI, USDC and USDT reserves in the PoS Chain bridge to generate income.
Community members expressed concerns about security issues and the lack of an opt-in mechanism for affected users, expressing doubts about the feasibility of the proposal. Given the community's reservations, the proposal seems unlikely to pass, but this does not prevent Polygon from exploring innovative and even bold ideas in the future.
Polygon also responded to Aave Chan's proposal, calling the response from Aave leadership "disappointing." They claimed that Aave Chan resorted to threats because their main competitor Morpho began to gain traction. Aave founder Stani Kulechov also commented on the controversy surrounding Polygon's cross-chain fund investment proposal. He criticized the proposal for lacking adequate risk protection, emphasized Aave's role in the Polygon network, and pointed out that 40% of the total value locked in Polygon is deposited in Aave, and Aave's main governance functions run on Polygon.
