Compound wETH Market Goes Live

Breaking News
Written By Keegan King

Compound, a major lending protocol on the Ethereum network, has announced that the Compound III wEth market is now live, allowing users to use wrapped Ether tokens for DeFi on their platform. 

The new option for investors is the latest in a series of updates from the Compound team that is being implemented to protect users' funds and create increased confidence in the world of cryptocurrency following a string of failures in web3 that plagued most of 2022. 

The Compound III protocol provides users with additional security because it abandons the common pooled-risk model. Instead, users will still retain total ownership of the assets that they lend to the protocol knowing that their funds can never be drained.

Keegan King

Keegan is an avid user and advocate for blockchain technology and its implementation in everyday life. He writes a variety of content related to cryptocurrencies while also creating marketing materials for law firms in the greater Los Angeles area. He was a part of the curriculum writing team for the bitcoin coursework at Emile Learning. Before being a writer, Keegan King was a business English Teacher in Busan, South Korea. His students included local businessmen, engineers, and doctors who all enjoyed discussions about bitcoin and blockchains. Keegan King’s favorite altcoin is Polygon.

https://www.linkedin.com/in/keeganking/
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