Polygon Community Releases "Polygon PoS Cross-Chain Liquidity Plan" Proposal

Here is the English translation:

The Block reported that Web3 risk provider Allez Labs, along with DeFi protocols Morpho and Yearn, have co-authored a Pre-Polygon Improvement Proposal to seek input from the Polygon community on deploying around $1.3 billion in stablecoin reserves (DAI, USDC, and USDT) on the Polygon PoS bridge.

The proposal claims that due to the $1.3 billion in stablecoin reserves being idle, these funds represent an opportunity cost of around $70 million per year. The goal is to utilize these funds to incentivize additional activity in Polygon PoS and the broader AggLayer.

The stablecoin reserves will be gradually deployed into ERC-4626 vaults targeting each asset type. The DAI reserves are proposed to be deposited into Maker's sUSD vault, while USDC and USDT will leverage Morpho vaults as the primary yield source. According to the proposal, these vaults will be risk-managed by Allez.

The proposal will be discussed through community forums and Polygon's dedicated protocol governance committee.

$BTC $ETH $SOL