Polygon's proposal to "generate over $1 billion in stablecoin revenue" was rejected by the community

According to the relevant page, Polygon community members rejected a preliminary proposal (or pre-PIP) that suggested deploying more than $1 billion in stablecoin reserves to generate returns. The proposal was proposed by Web3 risk provider Allez Labs in collaboration with DeFi protocols Morpho and Yearn, and aims to use approximately $1.3 billion in DAI, USDC, and USDT reserves in the PoS Chain bridge to generate returns. Polygon said that community members expressed concerns about security issues and the lack of an opt-in mechanism for affected users, and doubted the feasibility of the proposal. Given the community's reservations, the proposal seems unlikely to be passed, but this does not prevent Polygon from exploring innovative and even bold ideas in the future. (The Block)