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Aave community votes to stop Polygon's PoS chain lending, Polygon may lose more than $300 million in TVL

According to online reports, the Aave community overwhelmingly voted to stop lending services on the Polygon PoS chain, mainly because it opposed Polygon's proposal in December last year to use more than US$1 billion in cross-chain stablecoins for revenue generation. Aave founder Marc Zeller proposed strict risk parameters aimed at preventing users from making further deposits or borrowing. He believes Polygon's revenue generation method is too risky and may lead to bad debt problems. Aave is the largest decentralized application on Polygon, with TVL exceeding US$300 million. Marc Boiron, CEO of Polygon Labs, once said that the ideal result would be for Aave to abandon the plan to terminate the cooperation, but Aave DAO has passed relevant proposals to adjust the stablecoin LTV to 0% to prevent users from borrowing. Currently, more than 690,000 votes to leave Polygon, and approximately 117,000 oppose it.

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