Last year, Compound Treasury launched an institutional cash management solution powered by the Compound Protocol, offering a 4.00% APR on USD and USDC with daily liquidity. Our clients, including fintechs, crypto companies, and banks, have been able to rely on Compound Treasury as a predictable source of yield. In May, Compound Treasury became the first DeFi-backed company to receive a credit rating from a major agency, introducing the highest level of transparency and accountability in the industry. Starting today, to meet the growing demand for liquidity, institutions can now borrow fro ..read more

Over the years the Compound protocol has been used by hundreds of thousands of DeFi users to safely earn attractive interest rates on over $120 billion of crypto assets. Through market volatility both upward and downward the protocol has performed flawlessly, and is a pillar of the DeFi ecosystem — a reliable source of high yield and deep liquidity. The mission of Compound Labs, the company that built the protocol and handed it over to the community, is to build products and services that expand the Compound protocol’s functionality, and enable more users to access that functionality. For exa ..read more

Three months ago, our team published a whitepaper for “Compound Chain”, a distributed ledger capable of transferring value & liquidity between peer ledgers. While many bridge solutions rely on wrapping (porting) assets, a cross-chain interest rate market would allow you to borrow assets native to one chain (e.g. ETH), with collateral from another chain (e.g. DOT). Today, we’re proud to announce a prototype based on that paper, named Gateway. Gateway is a Substrate blockchain, governed by COMP token-holders on Ethereum. From the get-go, Gateway is fully upgradeable; governance is ..read more

Compound is sponsoring ETHGlobal’s Autumn 2020 event: ETHOnline. This virtual event features a global hackathon and learning sessions with leading innovators in the Ethereum community. In addition to learning about the latest in ETH 2.0 and new EIPs, hackathon participants have the chance to compete for $125,000 worth of prizes. Compound has created three bounties to inspire hackers to innovate in DeFi. Hackathon Bounties These are the three bounties, totaling $5,500 in cUSDC prizes. Most original project that uses Compound.js: $1,500 of cUSDC Best Compound Governance tooling ..read more

The Compound Protocol is free and open financial infrastructure running on the Ethereum blockchain. Anyone with a future vision of the protocol can propose an improvement by writing code. Not all protocol changes necessarily require code, but the most involved ones do. In this short guide, we’ll walk through changing the source code and proposing a formal change with Compound Governance. Here is an overview of the steps we will take, with the end goal of proposing a new cToken market for the protocol: Remove legacy verification checks from the source code for new cTokens that will be ad ..read more

Ever since COMP token-holders replaced our team as administrator of the Compound protocol in April, we’ve been thrilled to watch community governance in action. While we’ve watched from the sidelines, you’ve developed, proposed, approved, and implemented changes to the protocol. Since the distribution of COMP began in June: 15 governance proposals were created; 12 were implemented A new interest rate model was developed by Dharma, and deployed for the DAI and USDT markets The Augur team spearheaded risk management changes for REP, during the upgrade to REPv2 COMP token-holders ..read more

The Compound protocol is maintained and upgraded through a community governance system in which COMP token-holders and their delegates debate, propose, and vote on all changes to the protocol. Currently, the governance system requires users to have a minimum of 100,000 COMP delegated to their address, before they can formally submit a governance proposal. While this requirement has not been prohibitive to the creation of thoughtful governance proposals over the past several months (total 22 submitted, 18 passed), there has recently been vibrant discussion on the possibility of lowering the 10 ..read more

A JavaScript SDK for Ethereum and the Compound Protocol We’re excited to announce a new software development kit that we’ve been working on. Enter Compound.js; a JavaScript SDK for Ethereum and the Compound Protocol. This tool streamlines the software development process for building DApps that accelerate DeFi. At the time of this announcement, the SDK is officially in beta. It is available for all, open source, on GitHub and NPM. Compound.js works in the web browser and Node.js. It has just one dependency: the latest version of Ethers.js. Built with simplicity in mind, developers can wr ..read more

Compound’s governance system is powered by COMP token, which is distributed to users of the protocol. COMP token holders receive voting power on a 1–1 basis to the amount of COMP held; this voting power can be delegated to any address, and then can be used to vote on proposals. There are two methods by which a user can delegate their voting rights or cast votes on proposals: either calling the relevant functions (delegate, castVote) directly; or using by-signature functionality (delegateBySig, castVotebySig). A key benefit to users of by-signature functionality is that they can create a signe ..read more

Yesterday, Compound Labs achieved an important milestone in our pursuit of progressive decentralization: we launched an on-chain system that freely and continuously distributes COMP tokens to users of the Compound protocol. The user distribution system is a critical element of community governance, ensuring that the protocol’s users are also its owners and managers. Yesterday’s launch was the final step in the decentralization process that we announced in February. Our core work on the Compound protocol is done. Until yesterday, we played a central role in the development of the protocol ..read more