ChainCatcher reported that according to The Block, according to the relevant page, Polygon community members rejected a preliminary proposal (or pre-PIP) that suggested deploying more than $1 billion in stablecoin reserves to generate income.
The proposal, put forward by Web3 venture provider Allez Labs in collaboration with DeFi protocols Morpho and Yearn, aims to leverage approximately $1.3 billion in DAI, USDC, and USDT reserves in the PoS Chain bridge to generate yield.
Polygon said that community members have expressed concerns about security issues and the lack of an opt-in mechanism for affected users, and have expressed doubts about the feasibility of the proposal. Given the community's reservations, the proposal seems unlikely to pass, but this does not prevent Polygon from exploring innovative and even bold ideas in the future.
