Polygon Community Consulted On $1.3 Billion Stablecoin Reserve Proposal

According to Odaily, Web3 risk provider Allez Labs has collaborated with DeFi protocols Morpho and Yearn to draft a Polygon Improvement Proposal. This proposal seeks feedback from the Polygon community regarding the deployment of approximately $1.3 billion in stablecoin reserves, specifically DAI, USDC, and USDT, from the Polygon PoS Bridge. The proposal outlines a plan to deposit the DAI reserves into Maker's sUSDS vault, while USDC and USDT reserves would utilize Morpho's vault as the primary source of yield. Allez Labs is set to manage the risks associated with these vaults, ensuring the security and efficiency of the proposed financial strategies. The proposal is open for discussion on the community forum and will also be reviewed by Polygon's dedicated protocol governance committee.