The Aave community on Polygon has voted to halt lending on the platform, potentially causing Polygon to lose over $300 million in total value locked. This decision was driven by backlash against Polygon's previous proposal to generate yield using bridged stablecoins. Aave founder Marc Zeller has proposed implementing strict risk parameters to discourage deposits and borrowing against collateral on Aave v2 and v3 on Polygon PoS. The community believes Polygon's revenue generation approach is riskier compared to other networks.



Other News from Today