The Defi-backed company whose notable clients include crypto companies, fintech institutions, and banks, shared that the decision was made in response to recent market volatility, which has created a more robust demand for liquidity.
Reid Cuming, VP of Compound Treasury said, “Compound Treasury can now address demand for liquidity with simple, reliable borrowing solution, while continuing to provide the same trusted service we’ve delivered to clients earning interest over the past year.” He added:In an official statement, the company announced that borrowing for clients will remain flexible, with “an open-ended term” and “no repayment schedule”, so long as participating clients remain overcollateralized.
Liquidity for the program will be provided by Compound Treasury’s clients and the Compound Protocol, which currently has over $3 billion in assets and more than $285 billion in total transaction volume since the company began operating. This announcement by Compound Treasury comes after the Defi-backed company received a B- credit rating from S&P Global in May 2022, making the company the first of its kind to receive a credit rating from a major agency.
I’m happy I’ve always followed the right players in the market, thanks to austcoins for his tips so far, 3 years ago today Bitcoin was $9,536 Even with the recent chaos, it's now $19,536 that’s growth!
🚀 Thnks a millon
🚀 Thnks a millon.
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