Compound Announces Major DeFi Product To Onboard Next Billion DeFi Users

Compound Labs announced that they launched a new DeFi focused product called Compound Treasury for institutional entities and businesses on Jun 28. The aim is to offer a respectable 4% fixed interest rate without requiring them to delve into the complex workings of the protocols. This will allow an influx of new money into DeFi, at a time, when yields in traditional finance are drying up and investors are looking towards new areas. Compound calls it the race to onboard the next billion DeFi users.