{"id":65911,"date":"2022-08-16T20:39:01","date_gmt":"2022-08-16T17:39:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=65911"},"modified":"2025-09-06T22:34:25","modified_gmt":"2025-09-06T19:34:25","slug":"compound-announces-launch-of-the-third-version-of-its-defi-protocol","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/compound-announces-launch-of-the-third-version-of-its-defi-protocol\/","title":{"rendered":"Compound announces launch of the third version of its DeFi protocol"},"content":{"rendered":"<p>The lending project Compound has announced its readiness to launch the third version of its protocol, named Comet.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The first deployment of Compound III is a USDC market on Ethereum. The contracts are on mainnet, and can be activated by Compound Governance.<\/p>\n<p>The next-generation borrowing protocol is approaching launch \ud83d\udcc8<a href=\"https:\/\/t.co\/DkcjiqTgoS\">https:\/\/t.co\/DkcjiqTgoS<\/a><\/p>\n<p>\u2014 Compound Labs (@compoundfinance) <a href=\"https:\/\/twitter.com\/compoundfinance\/status\/1559316506978172929?ref_src=twsrc%5Etfw\">August 15, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the developers, the update marks the platform&#8217;s transition to a multi-chain approach.<\/p>\n<p>Senior software engineer Kevin Chen noted that the first implementation of Comet will be a market built on the stablecoin USDC. Then support will be added for five crypto assets, also available as collateral: WBTC, WETH, UNI, LINK and COMP.<\/p>\n<p>Chen emphasised that final versions of the new smart contracts are ready to deploy in real time. Their audit was conducted by OpenZeppelin and ChainSecurity.<\/p>\n<p>Launch of Comet will occur as soon as <span data-descr=\"decentralized autonomous organization\" class=\"old_tooltip\">DAO<\/span> makes the corresponding decision.<\/p>\n<p>Back in March, the Compound community <a href=\"https:\/\/forklog.com\/en\/news\/compound-community-halves-farming-rewards\">voted<\/a> to halve rewards in native COMP tokens.<\/p>\n<p>Read ForkLog\u2019s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The lending project Compound has announced its readiness to launch the third version of its protocol, named Comet.<\/p>\n","protected":false},"author":1,"featured_media":65912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1494,1093],"class_list":["post-65911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-compound-comp","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=65911"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65911\/revisions"}],"predecessor-version":[{"id":65913,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65911\/revisions\/65913"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/65912"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=65911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=65911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=65911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}