The Polygon community has released the proposal for the "Polygon PoS Cross-Chain Liquidity Program."
ChainCatcher news, according to The Block, Web3 risk provider Allez Labs has drafted a Pre-Polygon Improvement Proposal in collaboration with DeFi protocols Morpho and Yearn, seeking input from the Polygon community on deploying approximately $1.3 billion in stablecoin reserves (DAI, USDC, and USDT) from the Polygon PoS bridge.The proposal claims that due to the $1.3 billion in stablecoin reserves being idle, these funds represent an opportunity cost of about $70 million per year. The aim is to utilize these funds to incentivize additional activity within Polygon PoS and the broader AggLayer.The stablecoin reserves will be gradually deployed into ERC-4626 vaults tailored for each asset type. The DAI reserves are proposed to be stored in Maker's sUSDS vault, while USDC and USDT will utilize the Morpho vault as the primary source of yield. According to the proposal, these vaults will be risk-managed by Allez.The proposal will be discussed through community forums and the dedicated governance committee for Polygon.