Compound's COMP surges as project unveils $52M institutional pivot

AI Summary Compound, one of the first protocols to make crypto lending work without a bank, has approved a record $52 million development budget and rebuilt its leadership around traditional-finance veterans. It is also wagering its next chapter on institutions, which is seen as a move away from retail yield-chasers who once drove DeFi. Its native token,... fulltext: 348 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/compound-institutional-pivot-comp-jumps/ Source: CryptoPolitan