The Aave community voted overwhelmingly to stop lending services on the Polygon PoS chain, mainly due to opposition to Polygon's proposal to use over $1 billion cross-chain stablecoins for revenue generation in December.
Marc Zeller, founder of Aave, has proposed strict risk parameters aimed at discouraging users from making further deposits or borrowing. He believes Polygon's approach to generating earnings is too risky and could lead to bad debt problems.
Aave is the largest decentralized application on Polygon, TVL over 300 million dollars. Polygon Labs CEO Marc Boiron has said that the ideal outcome is for Aave to abandon the termination plan, but Aave DAO has passed relevant proposals to adjust the stablecoin LTV to 0%, preventing users from borrowing.
Currently, 690,000 voted to leave Polygon, 117,000 opposed.
Aave community votes to stop Polygon PoS chain lending, Polygon may lose more than $300 million TVL
2025-02-25 20:42:06
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