Compound Completes Leadership Restructuring, Approves $52 million Budget for Institutional DeFi Transformation

August 17th, The DeFi protocol Compound Finance has completed a leadership reorganization and approved its largest-ever $52 million decentralized autonomous organization budget to drive the transition to institutional DeFi. The plan focuses on attracting institutional users and expanding the business around real-world assets, partner integrations, and traditional financial market credit infrastructure.

Compound's total value locked has decreased from a peak of around $12 billion in September 2021 to $1.2 billion, lagging behind competitors such as Aave. New team members come from institutions such as the Near Foundation, Maple Finance, Coinbase Custody, Anchorage Digital, HSBC, Broadridge Financial, among others.