Compound III on Base product
Overview
Compound III on Base is a decentralized lending protocol deployed on the Base Layer 2 network. It enables users to supply the base asset (USDC) and borrow against it using multiple approved collateral assets. The protocol is governed by COMP token holders and operates as a single-asset lending pool, distinct from earlier Compound versions.
Within the DeFi Intel graph, Compound III on Base connects to 1 tracked entity, most strongly to Compound Iii.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Compound Iii | 85% |
Frequently asked questions
What is Compound III on Base?
Compound III on Base is a decentralized lending protocol deployed on the Base Layer 2 network that allows users to supply USDC as the base asset and borrow against it using multiple approved collateral assets.
What chain does Compound III on Base run on?
Compound III on Base runs on the Base Layer 2 network.
How is Compound III on Base governed?
Compound III on Base is governed by COMP token holders.