Compound CEO, CTO, and two other executives have left to establish a new DeFi protocol called Legend

ChainCatcher news, three executives including Compound's CEO and CTO have left to establish a new DeFi protocol called Legend, which aims to bring the next 100 million users on-chain by building the best DeFi interface in the world.

According to reports, its founders Jayson Hobby previously served as Compound's CEO; Geoffery Hayes was the founder and CTO of Compound; Mykel Pereira was the Vice President of Product at Compound.

Additionally, the Web3 asset data platform RootData shows that Legend is a mobile-first decentralized finance protocol. Users can trade, earn, and borrow digital assets instantly and seamlessly without the need for a centralized party.