The Aave community votes to stop lending on the Polygon PoS chain, Polygon may lose over 300 million dollars in TVL

The Aave community has overwhelmingly voted to cease lending services on the Polygon PoS chain, primarily due to opposition to Polygon's proposal last December to use over $1 billion in cross-chain stablecoins for yield generation.

Aave founder Marc Zeller proposed strict risk parameters aimed at preventing users from making further deposits or loans. He believes that Polygon's method of generating returns is too risky and could lead to bad debt problems. Aave is the largest decentralized application on Polygon, with a TVL exceeding $300 million.

Polygon Labs CEO Marc Boiron once stated that the ideal outcome would be for Aave to abandon its plan to terminate cooperation, but the Aave DAO has passed a related proposal adjusting the LTV of stablecoins to 0%, thereby preventing user borrowing. Currently, over 690,000 votes support leaving Polygon, with approximately 117,000 against it.