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Compound Founder: The Vision of Compound Chain is to Connect a Single Global Liquidity Network

Amy Liu

Summary: Compound founder Robert Leshner said on Twitter today that in time every asset (currencies, stocks, bonds, etc) will be issued on a blockchain. Instead of building a "Compound" on every L1 (which fragments liquidity & utility), the vision of Compound Chain is to connect a single global liquidity network. The COMP development team Compound Labs ...

Compound founder Robert Leshner said on Twitter today that in time every asset (currencies, stocks, bonds, etc) will be issued on a blockchain. Instead of building a "Compound" on every L1 (which fragments liquidity & utility), the vision of Compound Chain is to connect a single global liquidity network. The COMP development team Compound Labs today released the Compound Chain white paper, which is a distributed ledger that can transfer value and liquidity between peer-to-peer ledgers. Users can borrow and lend cross-chain assets from different blockchains such as Polkadot and Tezos.

By Amy Liu

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