Polygon Community Proposes to Generate Yield from Over $1 Billion in Assets Held on PoS Bridge

Web3 risk provider Allez Labs, along with DeFi protocols Morpho and Yearn, has written a pre-Polygon Improvement Proposal seeking input from the Polygon community to deploy approximately $1.3 billion in stablecoin reserves (DAI, USDC, and USDT) from the Polygon PoS Bridge. The proposal would hold DAI reserves in Maker’s sUSDS vaults, while USDC and USDT would utilize Morpho vaults as the primary source of yield. Under the proposal, these vaults would be risk-managed by Allez. The proposal will be discussed through the community forum and Polygon’s dedicated protocol governance committee. (The Blcok)