💼 Big moves on the horizon for Polygon! A community cohort within the Polygon DAO is exploring a proposal to put over $1 billion in idle stablecoin reserves to work. Currently held on the Polygon PoS Chain bridge, these reserves could potentially generate around $70 million annually by capturing yields through DeFi strategies.
- The plan suggests using Morpho Labs' vaults to manage USDC and USDT, aiming for a conservative 7% annual return.
- If approved, this could boost the Polygon ecosystem by reinvesting the yield back into the network.
What are your thoughts on this potential strategy? Share your insights in the comments!