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via crypto.news · By crypto.news Editorial

Compound approves $52M institutional DeFi program

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crypto.news Editorial

(05:25 AM UTC)

1 min read

Updated byMichael Roberts

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Compound Foundation announced a new leadership team and a DAO approved $52 million development program on Aug. 17, targeting institutional credit and real world assets.

Summary

Compound DAO approved a $52 million two year program focused on institutional credit and infrastructure.
Only $14 million is available initially, while $38 million remains…

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