DeFi Lending Protocol Compound to Launch Compound III

DeFi lending protocol Compound announced that it will launch its third version, Comet (Compound III), which currently runs on Ethereum but Comet or Compound III will mark its transition to becoming a multi-chain protocol. It is said that the first deployment of Compound III is a USDC market on Ethereum. The contracts are on mainnet, and can be activated by Compound Governance. The launch of Compound’s third version will soon be put to a governance vote.