Compound Pivots to Institutions With $52M as DeFi Demand Cools
Compound Finance approved a $52 million budget and overhauled its leadership as the DeFi lender looks to attract more institutional investors.
The move comes as assets locked on Compound have fallen to about $1.2 billion from a peak of $12 billion in September 2021. The protocol plans to focus on real-world assets, partnerships and credit infrastructure for traditional financial institutions.
Compound Turns Toward Institutions
Compound helped pioneer DeFi lending after launching in 2018. It has since processed about $480 billion in deposits and borrowing, but has lost ground to larger rival…
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