Compound Foundation announces new leadership team and $52 million initiative
This DAO-approved development initiative marks the largest effort in the protocol's history to bring institutional credit on-chain. The new leadership team comprises Aaron Schnarch as CEO, Christopher Donovan as COO, Steven Liu as CPO, and Leo Eikelman as CTO. Compound plans to develop institution-focused products featuring native Real-World Asset (RWA) support and tools for integrating on-chain lending services. Since its launch in 2018, the protocol has processed approximately $480 billion in deposits and loan volume.
This DAO-approved development initiative marks the largest effort in the protocol's history to bring institutional credit on-chain. The new leadership team comprises Aaron Schnarch as CEO, Christopher Donovan as COO, Steven Liu as CPO, and Leo Eikelman as CTO. Compound plans to develop institution-focused products featuring native Real-World Asset (RWA) support and tools for integrating on-chain lending services. Since its launch in 2018, the protocol has processed approximately $480 billion in deposits and loan volume.