News Explorer — Polygon DAO Weighs Plan to Generate $70 Million Annually with Stablecoin Reserves

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Dec 13, 9:11 am

Coindesk

Polygon DAO Weighs Plan to Generate $70 Million Annually with Stablecoin Reserves

A Polygon DAO community cohort is considering using over $1 billion in idle stablecoin reserves held on the Polygon PoS Chain bridge to capture yields, potentially generating an additional $70 million annually. The plan involves managing USDC and USDT through Morpho Labs' vaults for a conservative 7% annual return.

A Polygon DAO community cohort is considering using over $1 billion in idle stablecoin reserves held on the Polygon PoS Chain bridge to capture yields, potentially generating an additional $70 million annually. The plan involves managing USDC and USDT through Morpho Labs' vaults for a conservative 7% annual return.

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