Polygon's "1.3 billion dollar stablecoin revenue" proposal is rejected by the community

On December 18, according to related pages, Polygon community members rejected a preliminary proposal (or pre-PIP) that suggested deploying over $1 billion in stablecoin reserves to generate revenue. The proposal was put forward by Web3 risk provider Allez Labs in collaboration with DeFi protocols Morpho and Yearn, aiming to utilize approximately $1.3 billion DAI, USDC and USDT reserves in the PoS Chain bridge for profit.

Polygon stated that community members expressed concerns about security issues and the lack of choice for affected users to join, casting doubt on the feasibility of the proposal. Given the reservations within the community, it seems unlikely that this proposal will pass but this does not prevent Polygon from exploring innovative or even bold ideas in future.