Polygon DAO Considers Utilizing Idle Stablecoin Reserves For Yield

According to CoinDesk, a community cohort within the Polygon DAO is evaluating a proposal to leverage over $1 billion in idle stablecoin reserves currently held on the Polygon PoS Chain bridge. This initiative aims to capture yields, as outlined in a pre-proposal governance post. The PoS Bridge holds approximately $1.3 billion in stablecoins, making it one of the largest on-chain holders of... source: https://www.binance.com/en/square/post/17506517362129?utm_source=BinanceNewsRSS