According to Odaily, the Aave community has overwhelmingly voted to halt lending services on the Polygon PoS chain. This decision stems from opposition to a proposal made by Polygon in December of last year, which involved using over $1 billion in cross-chain stablecoins for yield generation. Aave's founder, Marc Zeller, recommended strict risk parameters to prevent further deposits or loans, citing concerns over the high-risk nature of Polygon's yield generation method, which could lead to bad debt issues. Aave is the largest decentralized application on Polygon, with a total value locked (TVL) exceeding $300 million. Polygon Labs CEO Marc Boiron expressed a preference for Aave to reconsider its decision to terminate the collaboration. However, the Aave DAO has approved a proposal to adjust the stablecoin loan-to-value (LTV) ratio to 0%, effectively blocking users from borrowing. The vote saw over 690,000 in favor of leaving Polygon, with approximately 117,000 opposing the move.

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