- Compound Comet, or Compound v3 allows Compound to go multichain on EVM-compatible chains. This is important, as Compound is currently confined to Ethereum mainnet which limits its growth and userbase due to high fees.
- Compound v3 simplifies the protocol further. Notably, it introduces the concept of a single borrowable asset, whereby only one asset can be borrowed from each pool. This is to give lenders better control over risk and greater capital efficiency for borrowers - further simplifying the protocol. This is in line with Compound’s focus on providing simple and secure open financial infrastructure.
- Maker’s reliance on USDC continues to rise, calling into question the value proposition of Dai...