Latest News

Polygon whales have sold 80 million POL tokens worth $41.2 million over the past 48 hours.

The Polygon community has decided against a proposal to deploy $1.3 billion in stablecoins from its Proof of Stake (PoS) bridge into yield-generating programs on Morpho, an Ethereum-based DeFi platform. The announcement, made on Dec.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The initial proposal from Morpho Labs and Allez Labs sought to capture a 7% yield from stablecoins held in Polygon's proof-of-stake bridge.

Polygon, the Ethereum sidechain, has raised concerns over Aave's recent actions, accusing the DeFi platform of employing anti-competitive strategies to stifle competing protocols.

Polygon will not set up a stablecoin-based yield generation outfit on Aave.

TL;DR Polygon accuses Aave of anti-competitive tactics following a dispute over a proposal within Aave DAO governance regarding the use of bridge funds for yield farming. Aave defends its decisions as necessary to manage risks and protect the community, rejecting the accusations.

Ethereum sidechain Polygon has accused Aave of using anti-competitive tactics to muscle out competing DeFi protocols. This is a reaction to the proposal on Aave DAO about whether the leading DeFi protocol should exit the Polygon network.

Polygon, one of the largest Ethereum layer-2 networks, has accused the DeFi lending platform Aave of adopting monopolistic practices. This dispute arises from a proposal to allocate locked bridge funds to yield-generating strategies, which Aave opposes.

Polygon rejected a preliminary proposal to deploy over $1 billion in stablecoin reserves from the PoS Chain bridge for yield generation.

Aave proposes freezing bridged assets on Polygon to mitigate risks. Polygon's governance opposes Aave's proposal, citing anti-competitive concerns.

Lido Finance is ending its Polygon staking operations after a community vote, halting stMATIC rewards immediately and giving users until June 16, 2025, to withdraw through their frontend interface, after which only explorer tools can be used for withdrawals.

The Lido community has voted to end staking services on Polygon, due to significant challenges that has limited adoption. Lido Shuts Down Polygon Staking Lido Finance has announced it will be effectively discontinuing its staking service on Polygon. According to a Dec.

The price of the Polygon Ecosystem Token (POL) has resumed selling pressure after peaking at $0.76.

Lido's liquid staking on Polygon will end in 2025.

Lido has announced the discontinuation of its staking services for the Polygon proof-of-stake (PoS) chain, following a community-approved vote in November.

Lido has officially begun the phase-out of its staking services on the Polygon Proof-of-Stake (PoS) chain following a community-approved vote in November. The decision marks a significant shift in the protocol's operations, which had previously allowed users to stake Polygon's MATIC tokens in exchange for liquid staking tokens called static.

Lido, one of the largest liquid staking protocols, has announced it will discontinue its staking services on the Polygon network.

Polygon (POL, formerly MATIC) price is crashing by 38% year-to-date, suffering a high-time frame hit with the rebranding. Additionally, recent developments related to Polygon's and Aave's (AAVE) governance proposals have brought more turmoil to POL price this week.

Lido Finance has just announced the sunset of its operations on Polygon.

TL;DR Lido has announced discontinuing its staking service for the Polygon PoS chain, following a community vote where 99% of LDO token holders favored the proposal. The decision is due to challenges such as low user engagement, inadequate rewards, and the evolving DeFi landscape, particularly the increased focus on zkEVM solutions.

Lido Finance announced its exit from the Polygon network due to low user adoption, resource constraints, and a strategic focus on Ethereum.

Lido is winding down its staking service on Polygon due to various challenges, including limited user adoption.

Lido Finance has announced its decision to end staking services on the Polygon network, citing limited user adoption, evolving DeFi trends, and a renewed strategic emphasis on Ethereum. The post Lido Staking Protocol to Cease Operations on Polygon, Shifts Focus Back to Ethereum appeared first on Cryptonews.