Compound III Deployed to Arbitrum

May 16,2023,14:24

Compound Labs has tweeted that the lending protocol Compound III has been deployed to Arbitrum, enabling users to borrow $USDC on Arbitrum using $ARB, $GMX, $WETH and $WBTC as collateral.

Compound v3 focuses on a single base asset, offering users the ability to deposit various cryptocurrencies as collateral and borrow exclusively in USDC stablecoin, optimizing capital efficiency and reducing exposure to volatile assets.

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