The Compound Foundation announced a new leadership team and an approved DAO development program worth $52 million—the largest in the protocol’s history—focused on bringing institutional lending onto the blockchain.
The new team includes: Aaron Schnarch, CEO; Christopher Donovan, COO; Steven Liu, Director of Product; and Leo Eikelman, CTO. All members have experience building institutional infrastructure in both traditional finance and crypto.
Compound plans to develop products for institutional clients: native support for real-world assets (RWA), enhanced capital efficiency, and integration tools that will enable banks, asset managers, and fintech services to embed on-chain lending directly into their own products. The company plans to launch its first such product in the coming weeks.
Since its launch in 2018, the protocol has processed approximately $480 billion in deposits and loans and, according to the team, has never experienced a single instance of bad debt.