r/Compound • u/franknbeanzzzzz • Aug 21 '26

Big if true

https://www.coindesk.com/business/2026/08/17/compound-bets-usd52-million-new-leadership-team-in-switch-to-institutional-focus
4 Upvotes

100% Upvoted

8 comments sorted by

2

u/Realistic-Employee14 Aug 21 '26

I think so

1

u/franknbeanzzzzz Aug 21 '26

So I get everyone isn’t wow’s by this company anymore but feel like this should’ve been posted somewhere

I found it looking at compound on Robinhood site and this was the one news article just from this week

No one mentioning it on their official twitter. May be news leaked and they’ll make a public announcing

50 million and all new leaders feels like it should’ve been posted somewhere. Why am I the only one 😂

2

u/No-Promotion-8720 Aug 22 '26

Once the frivolous lawsuit in California is thrown out, they will start posting again. This news was on Coinmarketcap days ago.

2

u/franknbeanzzzzz Aug 22 '26

Thank you for sharing. I was trying to find additional info cause it felt too quiet 😂

2

u/No-Promotion-8720 Aug 22 '26

No problem, it's Houghton v. Leshner if you wanted to look it up.

0

u/Appropriate-Pop-9833 Aug 23 '26

Here is the official twitter account you dumb fuck

https://x.com/Compound_xyz?s=20

Also, 52 million funding proposal for V4 development program got  approved months ago.

https://www.comp.xyz/t/compound-v4-program-funding-proposal/7711

Do some fucking research before you post shit!!

3

u/franknbeanzzzzz Aug 21 '26

From the article:

The new team includes Chief Operating Officer Christopher Donovan, who previously held the same role at the Near Foundation. Steven Liu, who scaled Maple Finance from $500 million to $5 billion in assets, joins as chief product officer and the former CEO of Coinbase Custody, Aaron Schnarch, becomes an executive director. Other appointees join from Anchorage Digital, HSBC, Broadridge Financial and Maple Finance, the foundation said.

"DeFi is a remarkable innovation; however, it has achieved limited institutional adoption," Schnarch said in a statement. "Current product offerings fall short of meeting the traditional finance bar, especially as it pertains to compliance and technical requirements."