🌉 A new path for the bridge between Polygon and Ethereum!
The Polygon community is considering using $1.3 billion to profit from DAI, USDC, and USDT reserves. These cryptoassets are currently held in reserves on PoS Chain and Ethereum Bridge.
🔍 The proposal was made by the Allez Labs, Morpho, and Yearn teams, calling for a potential $70 million annual profit not to be missed. The goal is to encourage additional activity within Polygon PoS and AggLayer.
Reserves will be gradually placed in ERC-4626 rooms created for various stablecoins. Allez Labs will assume risk control. The proposal will be discussed in the Polygon community forums and the Protocol Board of Directors.
