According to TechFlow, on December 18, The Block reported that the Polygon community rejected a profit plan involving $1.3 billion in stablecoin bridge assets on December 18. The proposal was put forward by Web3 risk service provider Allez Labs in conjunction with Morpho and Yearn, and plans to use the DAI, USDC and USDT reserves on the PoS Chain bridge to obtain profits. The community expressed concerns about security risks and the lack of a user selection mechanism.
The dispute then escalated, and Marc Zeller, founder of Aave Chan, the Aave protocol contributor organization, proposed to gradually shut down Aave's lending protocol on the Polygon PoS chain to avoid potential security risks. In response, Polygon responded strongly, pointing out that Aave Chan had previously proposed in August to convert bridge funds into Aave's yield token stataUSDC, but turned to threaten after its main competitor Morpho gained attention.
Aave founder Stani Kulechov then intervened in the dispute, emphasizing that Aave currently accounts for 40% of Polygon's total locked-in amount and that Aave's main governance functions run on Polygon. He criticized the Polygon team for having strayed from its mission and wrongly blamed Aave's leadership for the failure of the proposal. The Polygon development team eventually confirmed that it would not move forward with the proposal, but said it would continue to explore innovative solutions in the future.
