• bitcoinBitcoin (BTC) $ 82,351.00
  • ethereumEthereum (ETH) $ 1,897.97
  • tetherTether (USDT) $ 0.999839
  • xrpXRP (XRP) $ 2.26
  • bnbBNB (BNB) $ 628.93
  • solanaSolana (SOL) $ 123.44
  • usd-coinUSDC (USDC) $ 0.999798
  • cardanoCardano (ADA) $ 0.701916
  • dogecoinDogecoin (DOGE) $ 0.166207
  • tronTRON (TRX) $ 0.224183
  • staked-etherLido Staked Ether (STETH) $ 1,898.11
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 82,177.00
  • leo-tokenLEO Token (LEO) $ 9.76
  • the-open-networkToncoin (TON) $ 3.57
  • chainlinkChainlink (LINK) $ 13.79
  • usdsUSDS (USDS) $ 0.999854
  • stellarStellar (XLM) $ 0.268415
  • wrapped-stethWrapped stETH (WSTETH) $ 2,271.27
  • hedera-hashgraphHedera (HBAR) $ 0.184697
  • avalanche-2Avalanche (AVAX) $ 18.73
  • pi-networkPi Network (PI) $ 1.13
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  • suiSui (SUI) $ 2.25
  • mantra-daoMANTRA (OM) $ 6.88
  • litecoinLitecoin (LTC) $ 88.22
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  • polkadotPolkadot (DOT) $ 4.31
  • ethena-usdeEthena USDe (USDE) $ 0.999735
  • bitget-tokenBitget Token (BGB) $ 4.59
  • wethWETH (WETH) $ 1,895.43
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • hyperliquidHyperliquid (HYPE) $ 13.18
  • whitebitWhiteBIT Coin (WBT) $ 28.31
  • wrapped-eethWrapped eETH (WEETH) $ 2,015.10
  • moneroMonero (XMR) $ 207.53
  • uniswapUniswap (UNI) $ 6.23
  • susdssUSDS (SUSDS) $ 1.04
  • aptosAptos (APT) $ 5.38
  • daiDai (DAI) $ 0.999621
  • okbOKB (OKB) $ 50.69
  • nearNEAR Protocol (NEAR) $ 2.56
  • pepePepe (PEPE) $ 0.000007
  • mantleMantle (MNT) $ 0.820696
  • internet-computerInternet Computer (ICP) $ 5.73
  • gatechain-tokenGate (GT) $ 21.62
  • ethereum-classicEthereum Classic (ETC) $ 17.43
  • tokenize-xchangeTokenize Xchange (TKX) $ 32.91
  • ondo-financeOndo (ONDO) $ 0.826220
  • aaveAave (AAVE) $ 168.87
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 82,316.00
  • official-trumpOfficial Trump (TRUMP) $ 10.93
  • crypto-com-chainCronos (CRO) $ 0.080084
  • cosmosCosmos Hub (ATOM) $ 4.79
  • vechainVeChain (VET) $ 0.024405
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999387
  • bittensorBittensor (TAO) $ 242.68
  • kaspaKaspa (KAS) $ 0.074256
  • ethenaEthena (ENA) $ 0.362257
  • filecoinFilecoin (FIL) $ 2.87
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.206635
  • celestiaCelestia (TIA) $ 3.19
  • fasttokenFasttoken (FTN) $ 4.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 82,279.00
  • render-tokenRender (RENDER) $ 3.11
  • arbitrumArbitrum (ARB) $ 0.359409
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  • sonic-3Sonic (prev. FTM) (S) $ 0.477497
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  • optimismOptimism (OP) $ 0.863686
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  • kucoin-sharesKuCoin (KCS) $ 11.11
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  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.505856
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 82,240.00
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,898.60
  • nexoNEXO (NEXO) $ 1.09
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  • xdce-crowd-saleXDC Network (XDC) $ 0.066850
  • movementMovement (MOVE) $ 0.435163
  • makerMaker (MKR) $ 1,229.81
  • immutable-xImmutable (IMX) $ 0.564778
  • dexeDeXe (DEXE) $ 17.59
  • usual-usdUsual USD (USD0) $ 0.997566
  • worldcoin-wldWorldcoin (WLD) $ 0.830166
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  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,141.56
  • injective-protocolInjective (INJ) $ 9.62
  • the-graphThe Graph (GRT) $ 0.096547
  • blockstackStacks (STX) $ 0.603714
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  • theta-tokenTheta Network (THETA) $ 0.893016
  • binance-staked-solBinance Staked SOL (BNSOL) $ 128.53
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
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  • lido-daoLido DAO (LDO) $ 0.922005
  • bonkBonk (BONK) $ 0.000011
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.57
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  • wbnbWrapped BNB (WBNB) $ 629.19
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,011.05
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • tether-goldTether Gold (XAUT) $ 3,046.52
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  • galaGALA (GALA) $ 0.016880
  • tezosTezos (XTZ) $ 0.700856
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 1.00
  • bittorrentBitTorrent (BTT) $ 0.00000069
  • the-sandboxThe Sandbox (SAND) $ 0.279094
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 82,248.00
  • bitcoin-svBitcoin SV (BSV) $ 33.60
  • jito-governance-tokenJito (JTO) $ 2.12
  • iotaIOTA (IOTA) $ 0.179324
  • berachain-beraBerachain (BERA) $ 5.97
  • jasmycoinJasmyCoin (JASMY) $ 0.013599
  • flowFlow (FLOW) $ 0.410310
  • pax-goldPAX Gold (PAXG) $ 3,059.87
  • usdx-money-usdxStables Labs USDX (USDX) $ 1.00
  • kaiaKaia (KAIA) $ 0.104965
  • msolMarinade Staked SOL (MSOL) $ 157.44
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,971.26
  • flokiFLOKI (FLOKI) $ 0.000060
  • curve-dao-tokenCurve DAO (CRV) $ 0.439954
  • neoNEO (NEO) $ 8.00
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  • resolv-usrResolv USR (USR) $ 0.999436
  • pyth-networkPyth Network (PYTH) $ 0.149579
  • beldexBeldex (BDX) $ 0.076837
  • kavaKava (KAVA) $ 0.494233
  • axie-infinityAxie Infinity (AXS) $ 3.34
  • ethereum-name-serviceEthereum Name Service (ENS) $ 16.03
  • honey-3Honey (HONEY) $ 0.999878
  • zcashZcash (ZEC) $ 32.69
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 135.18
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  • telcoinTelcoin (TEL) $ 0.005335
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  • true-usdTrueUSD (TUSD) $ 1.00
  • roninRonin (RON) $ 0.778100
  • raydiumRaydium (RAY) $ 1.62
  • starknetStarknet (STRK) $ 0.175025
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  • dogwifcoindogwifhat (WIF) $ 0.459582
  • pumpbtcpumpBTC (PUMPBTC) $ 79,710.00
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  • conflux-tokenConflux (CFX) $ 0.087289
  • ecasheCash (XEC) $ 0.000022
  • apenftAPENFT (NFT) $ 0.00000043
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.166264
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  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 82,447.00
  • thorchainTHORChain (RUNE) $ 1.21
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Polygon Could Lose Over $300 Million In TVL As Aave Votes To End On-chain PoS Lending

0 7

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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