📣 Creators, Exciting News!
Gate Square Certified Creator Application Is Now Live!
How to apply:
1️⃣ Open App → Tap [Square] at the bottom → Click your avatar in the top right
2️⃣ Tap [Get Certified] under your avatar
3️⃣ Once approved, you’ll get an exclusive verified badge that highlights your credibility and expertise!
Note: You need to update App to version 7.25.0 or above to apply.
The application channel is now open to KOLs, project teams, media, and business partners!
Super low threshold, just 500 followers + active posting to apply!
At Gate Square, everyone can be a community leader! �
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.