The Polygon community is discussing a proposal to generate proceeds from over $1 billion held on the PoS Chain Bridge.
Web3 risk provider Allez Labs, together with DeFi protocols Morpho and Yearn, wrote a Pre-Polygon Improvement Proposal to solicit input from the Polygon community on deploying about $1.30 billion of stablecoin reserves (DAI, USDC, and USDT) from the Polygon PoS Bridge.
The proposal claims that with $1.30 billion of stablecoin reserves sitting idle, these funds represent an opportunity cost of about $70 million per year. The intention is to use these funds to incentivize additional activity in Polygon PoS and the broader AggLayer.
Polygon Community Proposes Generating Proceeds From Over $1 billion Assets Held on PoS Chain Bridge
2024-12-13 06:20:04
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