Curated News
By: NewsRamp Editorial Staff
July 24, 2024
Compound DAO Partners with AlphaGrowth to Drive DeFi Revenue Generation
Discuss on RedditTLDR
- Compound DAO solidifies its position as a DeFi leader through a one-year partnership with AlphaGrowth, driving sustainable revenue generation.
- AlphaGrowth's strategic collaboration with Compound involves new markets and collateral assets, expanding presence on new blockchains, and securing ecosystem grants.
- AlphaGrowth's partnership with Compound aims to address the challenges faced by blockchain protocols, ultimately driving sustainable growth in the DeFi space.
- AlphaGrowth's multi-faceted strategy includes launching Compound on Optimism, adding new collateral assets, and achieving remarkable successes in securing grants and TVL growth.
Impact - Why it Matters
This partnership will impact the DeFi landscape by bringing expert operational guidance to blockchain protocols, attracting significant TVL to Compound's markets, and driving sustainable growth in the DeFi sector.
Summary
Compound DAO has announced a one-year partnership with AlphaGrowth, a leading DeFi operations firm, to drive sustainable revenue generation and solidify Compound's position as a DeFi leader. AlphaGrowth will provide strategic guidance for blockchain protocols seeking to scale and optimize their operations, with a focus on new markets, collateral assets, and ecosystem grants on Compound V3. The partnership has already attracted $130 Million in new TVL to Compound's markets and aims to achieve $500 Million in TVL for the next year.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Compound DAO Partners with AlphaGrowth to Drive DeFi Revenue Generation
