The Aave community voted to stop lending services on Polygon’s PoS chain, largely due to negative reactions to Polygon’s December proposal to use more than $1 billion in bridging stablecoins to generate revenue. Aave founder Marc Zeller proposed imposing stricter risk parameters on Aave v2 and v3 on Polygon PoS to prevent deposits and borrowing in response to the high risk of Polygon’s revenue generation methods. The latest version of Aave’s proposal has been approved by the community, which plans to change the stablecoin loan-to-value ratio (LTV) on Polygon PoS to 0% to further restrict lending.(TheBlock)
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