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Polygon community evaluating proposal to use over $1 billion in stablecoin reserves – What to expect
The Polygon community is evaluating a proposal to deploy over $1 billion in stablecoin reserves from the Polygon PoS bridge. DeFi protocols Morpho, Yearn, and Web3 risk provider Allez Labs ...
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Aave contributor proposes abandoning Polygon amid its ‘risky’ bridge proposal
This is in response to another Polygon community request to use over $1 billion in bridge assets for yield generation. Marc Zeller, founder of Aave Chan, proposed slowing down Aave’s lending ...
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Aave DAO considers exiting on Polygon after proposed bridge
Bridge vulnerabilities have been a popular target for DeFi exploits, accounting for over half of all attacks onchain between 2021 and 2022. Behind Aave’s attempt to exit the Polygon network is a ...
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Avara founder backs proposal to offboard Polygon markets from Aave
from Allez Labs and Morpho to use stablecoins in Polygon's proof-of-stake Portal bridge to generate yield. According to Kulechov, the suggested Polygon improvement proposal posed an unacceptable ...
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Polygon warns of threats to decentralization in ongoing dispute with Aave
According to a post on Polygon’s official X account, the plan to use bridge funds for yield farming, which led to the current conflict, was simply a pre-PIP to gauge community sentiment.