• bitcoinBitcoin (BTC) $ 79,763.00
  • ethereumEthereum (ETH) $ 1,578.52
  • tetherTether (USDT) $ 0.999497
  • xrpXRP (XRP) $ 1.94
  • bnbBNB (BNB) $ 558.85
  • usd-coinUSDC (USDC) $ 0.999941
  • solanaSolana (SOL) $ 108.83
  • dogecoinDogecoin (DOGE) $ 0.151882
  • tronTRON (TRX) $ 0.228782
  • cardanoCardano (ADA) $ 0.593939
  • staked-etherLido Staked Ether (STETH) $ 1,577.15
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  • leo-tokenLEO Token (LEO) $ 8.91
  • usdsUSDS (USDS) $ 0.999921
  • the-open-networkToncoin (TON) $ 3.12
  • chainlinkChainlink (LINK) $ 11.62
  • stellarStellar (XLM) $ 0.235603
  • avalanche-2Avalanche (AVAX) $ 16.89
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • wrapped-stethWrapped stETH (WSTETH) $ 1,886.14
  • suiSui (SUI) $ 2.07
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  • mantra-daoMANTRA (OM) $ 6.29
  • polkadotPolkadot (DOT) $ 3.65
  • bitcoin-cashBitcoin Cash (BCH) $ 277.85
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  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999264
  • ethena-usdeEthena USDe (USDE) $ 0.999209
  • bitget-tokenBitget Token (BGB) $ 4.12
  • wethWETH (WETH) $ 1,578.62
  • pi-networkPi Network (PI) $ 0.598475
  • whitebitWhiteBIT Coin (WBT) $ 28.05
  • hyperliquidHyperliquid (HYPE) $ 11.90
  • moneroMonero (XMR) $ 203.45
  • wrapped-eethWrapped eETH (WEETH) $ 1,678.27
  • daiDai (DAI) $ 0.999763
  • uniswapUniswap (UNI) $ 5.20
  • okbOKB (OKB) $ 51.35
  • susdssUSDS (SUSDS) $ 1.05
  • pepePepe (PEPE) $ 0.000007
  • aptosAptos (APT) $ 4.48
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 79,783.00
  • nearNEAR Protocol (NEAR) $ 2.14
  • gatechain-tokenGate (GT) $ 20.82
  • ondo-financeOndo (ONDO) $ 0.773207
  • tokenize-xchangeTokenize Xchange (TKX) $ 30.08
  • mantleMantle (MNT) $ 0.699914
  • crypto-com-chainCronos (CRO) $ 0.085738
  • internet-computerInternet Computer (ICP) $ 4.70
  • ethereum-classicEthereum Classic (ETC) $ 14.73
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.16
  • aaveAave (AAVE) $ 135.13
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997649
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • cosmosCosmos Hub (ATOM) $ 4.41
  • vechainVeChain (VET) $ 0.020435
  • fasttokenFasttoken (FTN) $ 4.04
  • bittensorBittensor (TAO) $ 203.58
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 79,815.00
  • ethenaEthena (ENA) $ 0.294655
  • kaspaKaspa (KAS) $ 0.062650
  • official-trumpOfficial Trump (TRUMP) $ 7.96
  • filecoinFilecoin (FIL) $ 2.40
  • render-tokenRender (RENDER) $ 2.99
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.175519
  • celestiaCelestia (TIA) $ 2.52
  • algorandAlgorand (ALGO) $ 0.168903
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  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 79,609.00
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  • eosEOS (EOS) $ 0.768691
  • kucoin-sharesKuCoin (KCS) $ 8.87
  • story-2Story (IP) $ 4.18
  • xdce-crowd-saleXDC Network (XDC) $ 0.066845
  • makerMaker (MKR) $ 1,239.63
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.398379
  • optimismOptimism (OP) $ 0.624588
  • usdt0USDT0 (USDT0) $ 1.00
  • nexoNEXO (NEXO) $ 0.995239
  • jupiter-exchange-solanaJupiter (JUP) $ 0.343928
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,577.29
  • quant-networkQuant (QNT) $ 64.49
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,639.46
  • binance-staked-solBinance Staked SOL (BNSOL) $ 113.70
  • dexeDeXe (DEXE) $ 15.51
  • blockstackStacks (STX) $ 0.560544
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999572
  • worldcoin-wldWorldcoin (WLD) $ 0.661241
  • movementMovement (MOVE) $ 0.330552
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999498
  • bonkBonk (BONK) $ 0.000010
  • paypal-usdPayPal USD (PYUSD) $ 1.00
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  • rocket-pool-ethRocket Pool ETH (RETH) $ 1,783.74
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  • tether-goldTether Gold (XAUT) $ 2,997.89
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  • injective-protocolInjective (INJ) $ 7.39
  • the-graphThe Graph (GRT) $ 0.075659
  • immutable-xImmutable (IMX) $ 0.401500
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 78,849.00
  • wbnbWrapped BNB (WBNB) $ 558.58
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  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 79,685.00
  • lido-daoLido DAO (LDO) $ 0.703638
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999915
  • tezosTezos (XTZ) $ 0.600897
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,672.16
  • curve-dao-tokenCurve DAO (CRV) $ 0.466499
  • the-sandboxThe Sandbox (SAND) $ 0.243358
  • galaGALA (GALA) $ 0.013502
  • walrus-2Walrus (WAL) $ 0.460703
  • kaiaKaia (KAIA) $ 0.097936
  • bittorrentBitTorrent (BTT) $ 0.00000058
  • iotaIOTA (IOTA) $ 0.151594
  • zcashZcash (ZEC) $ 35.02
  • fartcoinFartcoin (FARTCOIN) $ 0.550465
  • bitcoin-svBitcoin SV (BSV) $ 27.40
  • honey-3Honey (HONEY) $ 0.999309
  • msolMarinade Staked SOL (MSOL) $ 139.41
  • flowFlow (FLOW) $ 0.331364
  • grassGrass (GRASS) $ 1.84
  • jito-governance-tokenJito (JTO) $ 1.61
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.71
  • true-usdTrueUSD (TUSD) $ 0.999766
  • flokiFLOKI (FLOKI) $ 0.000051
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,643.28
  • raydiumRaydium (RAY) $ 1.66
  • beldexBeldex (BDX) $ 0.068959
  • jasmycoinJasmyCoin (JASMY) $ 0.009843
  • heliumHelium (HNT) $ 2.64
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 1.00
  • berachain-beraBerachain (BERA) $ 4.40
  • pendlePendle (PENDLE) $ 2.93
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999966
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 1.00
  • kavaKava (KAVA) $ 0.424932
  • spx6900SPX6900 (SPX) $ 0.493945
  • ethereum-name-serviceEthereum Name Service (ENS) $ 13.40
  • pyth-networkPyth Network (PYTH) $ 0.122350
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 118.51
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  • hashnote-usycHashnote USYC (USYC) $ 1.08
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  • apenftAPENFT (NFT) $ 0.00000041
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  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.151412
  • axie-infinityAxie Infinity (AXS) $ 2.41
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  • layerzeroLayerZero (ZRO) $ 2.60
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 79,432.00

Polygon Could Lose Over $300 Million In TVL As Aave Votes To End On-chain PoS Lending

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Polygon Could Lose Over $300 Million In TVL As Aave Votes To End On-chain PoS Lending

Anna Martynova

Polygon is on the verge of losing over $300 million in total value locked as the community that runs Aave, a popular liquidity protocol, has apparently voted overwhelmingly to effectively halt lending on the PoS chain. Aave is the largest dApp on Polygon by total value locked (TVL), with deposits exceeding $300 million on the PoS chain, according to DefiLlama.

The Aave community’s approval of the proposal to end Polygon’s on-chain lending services was primarily driven by the backlash against Polygon’s December proposal to use over $1 billion in bridged stablecoins to generate yield. In response to Polygon weighing this option, Aave founder Marc ZELLER has come up with a proposal calling for the protocol to impose strict risk parameters on Aave v2 and v3 deployed in Polygon PoS to discourage further deposits and prevent users from borrowing against collateral.

Zeller argues that Polygon’s approach to generating revenue is significantly riskier than methods used by other networks, such as depositing ETH in liquid staking protocols or DAI in MakerDAO’s savings rate module, since these revenues are not subject to bad debt.

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