POPA ReconCompound bets $52M and a new team on an institutional pivot
Compound bets $52M and a new team on an institutional pivot Compound, one of the oldest DeFi lending protocols, has overhauled its leadership and approved a record $52 million budget as it pivots to serving institutional clients. The plan centers on real-world assets, partner integrations and credit infrastructure built to meet TradFi compliance and technical standards. It comes as Compound tries to revive growth after its total value locked slid to $1.2 billion from a $12 billion peak in 2021, leaving it far behind Aave's $14.8 billion. Compound says it has processed about $480 billion in v…
The excerpt is quoted from a public Telegram channel, which owns its text.