Aave DAO considers exiting on Polygon after proposed bridge
Aave founder Marc Zeller has proposed new risk parameters on Polygon in response to plans to farm over $1 billion in stablecoin reserves.
The Aave community is deliberating the possibility of ceasing operations on Polygon, citing concerns over an upcoming review of the risk profile of bridged assets on the network.
A Dec. 13 proposal initiated by Aave chain founder Marc Zeller seeks the revision of risk parameters of instances in Aave v2 and Aave v3 on the Polygon network.
According to Zeller, the move is a response to a proposal on Polygon’s governance requesting to use over $1 billion in stablecoin reserves to farm on other protocols, like Morpho and Yearn.
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Author: Ana Paula Pereira
