Compound launches Compund DAO governance vault on Morpho
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According to Golden Finance, on March 14, Compound announced the construction of a DAO-managed vault on Morpho, and Gauntlet will be responsible for managing it. Users can directly earn income and borrow money by depositing it into the vault.
Compound will charge 10% of the proceeds generated from the vault as DAO revenue. In addition, Compound has launched a Morpho-driven vault in Polygon and allocated $3 million in COMP and POL incentives to accelerate ecological growth.