📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
Polygon's '13 billion stablecoin income' proposal was rejected by the community
BlockBeats news, on December 18th, according to the relevant page, Polygon community members rejected a preliminary proposal (or pre-PIP) that suggested deploying over $1 billion in stablecoin reserves to generate yield. The proposal, put forth by Web3 risk provider Allez Labs in collaboration with Decentralized Finance protocol Morpho and Yearn, aims to leverage around $1.3 billion in DAI, USDC, and USDT reserves in the PoS Chain bridge to earn yield. Polygon stated that community members expressed concerns about security issues and the lack of choice for affected users to opt-in, raising doubts about the feasibility of the proposal. Given the community's reservations, the proposal seems unlikely to pass, but this does not hinder Polygon from exploring innovative and even bold ideas in the future.