Polygon (POL) recently rejected a proposal to earn yield on its sizable stablecoin reserves, reports The Block. The proposal was submitted by DeFi protocol Morpho Labs, and its intent was to generate yield on the $1.3B in stablecoins on Polygon's PoS chain bridge. Community members voted against the proposal, raising concerns about security and the lack of an opt-out mechanism. This latest development complements Polygon's recent surge in popularity and adoption, solidifying its position as a leading layer-2 scaling solution for Ethereum.

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