Aave Community Considers Proposal to Exit Polygon

The founder of Aave Chan, Marc Zeller, is proposing that Aave should exit the Polygon network, citing bridge vulnerabilities. Zeller’s proposal directly responds to a recent Polygon governance proposal, advising it to direct the stablecoin reserves on its PoS bridge toward an incentivized program to grow its DeFi ecosystem. According to Zeller, if Polygon decides to go ahead with the idea, it could have severe implications for Aave as Polygon would essentially redefine the risk profile of its bridged assets. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io