Compound Launches New Management Structure with a $52 Million Budget Targeting Institutional Money

New Management and the Largest Development Budget to Date

On the 17th, Compound Finance announced via its official X that the DAO approved a new management structure along with a development budget of $52 million (equivalent to approximately 8.3 billion yen at 159 yen per dollar). This budget, the largest in the protocol's history, aims to bring on-chain credit offerings to institutional investors.

In the new management structure, Mr. Aaron Schnarch serves as the Executive Director, Mr. Christopher Donovan as the COO, and Mr. Steven Liew as the CPO,...