Compound launches Compound DAO governance vault on Morpho
Golden Finance reports that on March 14, Compound announced the construction of a DAO-managed vault on Morpho, which will be managed by Gauntlet. Users can earn profits and borrow directly by depositing into the vault. Compound will take 10% of the income generated from the vault as DAO revenue. In addition, Compound has launched a Morpho-driven vault on Polygon and allocated $3 million in COMP and POL incentives to accelerate ecosystem growth.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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