Polygon community proposes to generate revenue from over $1 billion in assets held on the PoS chain bridge
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2024-12-13 14:32 5,733
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Golden Finance reports that the Polygon community is discussing a proposal to generate revenue from the more than $1 billion held on the PoS Chain Bridge.
Web3 risk provider Allez Labs, along with DeFi protocols Morpho and Yearn, have written a Pre-Polygon Improvement Proposal, seeking input from the Polygon community on the deployment of approximately $1.3 billion in stablecoin reserves (DAI, USDC, and USDT) from the Polygon PoS Bridge. .
The proposal claims that with $1.3 billion in stablecoin reserves sitting idle, these funds represent an opportunity cost of approximately $70 million per year. The aim is to use these funds to incentivize additional activity within Polygon PoS and the wider AggLayer.