Compound Opens USDC Market with Up to 87% Loan-to-Value Ratios

Compound Foundation has launched a USDC lending market with up to 87% loan-to-value (LTV) ratios, part of its $52 million plan to attract institutional capital. The market supports ETH, wstETH, WBTC, and cbBTC as collateral for USDC borrowing.

The LTV ratios range from 81% for Bitcoin collateral to 87% for ETH. Compound said DeFi Saver, K3, KPK, and Yearn joined the oversubscribed launch.

A Compound delegate has questioned whether the DAO retains final control over the market.