menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Polygon re...
source image

Cryptoslate

6d

read

125

img
dot

Image Credit: Cryptoslate

Polygon rejects proposal to bridge funds into Morpho to drive DeFi growth

  • The Polygon community rejects a proposal to deploy $1.3 billion in stablecoins from its PoS bridge to Morpho for DeFi growth.
  • Concerns were raised about the lack of a consent mechanism and potential risks to the network.
  • Critics highlighted risks to the stability of Polygon's ecosystem and the potential for liquidity crises.
  • Aave-Chan Initiative founder Marc Zeller submitted a counter-proposal, causing a dispute with Aave.

Read Full Article

like

7 Likes

For uninterrupted reading, download the app