Polygon has launched a $1.3 billion liquidity offering aimed at expanding the DeFi ecosystem. The offering aims to generate up to $91 million in annual revenue by channeling stablecoins into yield-generating strategies and incentivize DeFi projects.
Polygon, in its $1.3 billion liquidity proposal submitted to the community vote for the growth of its ecosystem, envisages the diversion of idle stablecoins (USDC, USDT, DAI) on the PoS Bridge into yield-generating strategies. In this process, it is collaborating with major DeFi players such as Allez Labs, Morpho Association, and Yearn. The proposal plans to generate an annual income of $70-91 million by evaluating idle assets and to incentivize DeFi projects with this income.
According to the proposed plan, stablecoins will be deposited in ERC-4626 compatible vaults. Yields will be increased using mechanisms such as Maker’s sDAI pools and Morpho Vaults. Yearn will contribute to liquidity and growth of DeFi projects by managing incentive programs. These steps could significantly increase DeFi activities on Polygon’s PoS and the upcoming AggLayer.
After the proposal was voted on, the POL token price fell by 6% in the last 24 hours, but the token has increased by 70% in the last month. This indicates that investors are optimistic. Polygon is also working on innovative projects in the field of tokenizing traditional financial assets and collectibles. Assetera tokenized assets such as NVIDIA stocks and S&P 500 trackers using Polygon’s infrastructure, while Courtyard integrated physical Pokémon cards into the blockchain.
These developments reinforce Polygon’s commitment to expanding the DeFi ecosystem, integrating with traditional markets, and creating new opportunities for global users.