According to BlockBeats, on December 18, Polygon community members rejected an initial proposal that suggested deploying more than $1 billion in stablecoin reserves to generate returns.
The proposal was made by Allez Labs in collaboration with DeFi protocols Morpho and Yearn, and aims to utilize approximately $1.3 billion in DAI, USDC, and USDT reserves in the PoS Chain bridge to generate returns.
Polygon said community members expressed concerns about security issues and the lack of an opt-in mechanism, and doubted the feasibility of the proposal. Given the community's reservations, the proposal is unlikely to pass.