Compound launches Compound DAO governance treasury on Morpho

ChainCatcher news, Compound announces the construction of a DAO-managed vault on Morpho, managed by Gauntlet, where users can earn yields and lend by depositing into the vault. Compound will take 10% of the yields generated from the vault as DAO revenue.

In addition, Compound has launched a Morpho-driven vault on Polygon and allocated $3 million in COMP and POL incentives to accelerate ecosystem growth.