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.