The Polygon community is voting on a liquidity proposal that could significantly increase the ecosystem’s growth. The plan aims to invest unused stablecoins in yield-generating strategies, targeting an annual profit of $91 million to finance DeFi developments.
Details of the Liquidity Proposal
The latest Pre-PIP (Polygon Improvement Proposal) suggests releasing $1.3 billion in unused stablecoins held in the PoS Bridge to support the DeFi ecosystem. This proposal, prepared by Allez Labs, Morpho Association, and Yearn, presents a significant opportunity for ecosystem development, potentially generating an estimated $70–91 million in annual revenue.
Despite the targeted proposal, the POL price experienced a 2% drop in the last 24 hours. However, the recent upward trend of the token suggests that investor confidence could rebound if the voting yields positive results. Having increased by 70% over the past month, POL continues to attract investor attention.
“This proposal is a crucial step towards the efficient use of unused assets and rapid growth of our ecosystem.” – Chair of the Polygon Protocol Council
The proposal envisions investing stablecoins like USDC,
