Compound Expands Institutional Services with New Market

Compound, a leading decentralized finance (DeFi) protocol, has launched an institutional market on its platform. The market allows institutions to borrow USDC, a stablecoin pegged to the US dollar, using four approved collateral assets: ETH, wstETH, WBTC, and cbBTC.

The new market is part of Compound's effort to expand its services to institutional investors. To facilitate this, Compound has introduced a dedicated onboarding process and support team for institutions. The market operates under a multisig structure, which allows Compound governance to manage the system but cannot currently be revoked by them.

Compound reported that the new market was oversubscribed at launch, with several institutional participants, including DeFi Saver, K3, KPK, and Yearn, taking part. The protocol has also introduced a supplier incentive program to encourage institutions to participate in the market.