Compound
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Building infrastructure for the future of finance.
compound.finance website compromised, redirects to phishing site
Compound Labs issued an urgent warning that its official website was part of a DNS/Squarespace hijack redirecting visitors to a phishing site; the protocol's smart-contract funds were unaffected.
Compound's official X account hacked, promotes phishing link
Compound Finance's official X (Twitter) account was compromised and posted a phishing link (compound-labs.xyz) to steal crypto; security firms issued warnings.
Compound III (Comet) goes live on Ethereum mainnet
Following a successful governance proposal, the multi-chain Compound III protocol deployed on Ethereum mainnet with a USDC base asset, introducing a single-borrowable-asset design.
COMP governance token distribution launches
Compound began distributing its COMP governance token to lenders and borrowers via liquidity mining, a move that ignited "DeFi Summer" and vaulted COMP to roughly a $1B market cap within a day of launch.
Compound raises $25M Series A led by a16z
Compound closed a $25 million Series A round led by Andreessen Horowitz, with participation from Polychain Capital, Bain Capital Ventures, and Paradigm — among the largest DeFi raises at the time.
Compound v2 upgrade deploys
Compound upgraded to v2, adding support for more assets with individual risk models and smart-contract gateways per asset; the original v1 was later deprecated.
Compound raises $8.2M seed round
Compound announced an $8.2 million seed round led by Bain Capital Ventures and Andreessen Horowitz (with Coinbase Ventures, Polychain Capital, etc.) to build money markets for cryptographic assets.
Compound v1 launches on Ethereum mainnet
Compound launched its algorithmic money-market protocol on Ethereum mainnet, enabling decentralized lending and borrowing of crypto assets without intermediaries.