San Francisco based decentralized finance lending protocol has raised $25m of Series A Capital led by A16z crypto.
“We’re planning to integrate Compound into as many custodians, exchanges, wallets, and brokers as we can,” Leshner said, “to allow exchanges and custodians to be the interface of the protocol.” Leshner said Polychain Capital also participated in this recent venture round along with Paradigm Capital and Bain Capital Ventures. For now, Leshner said the 12-person Compound team is focused on building this public infrastructure for institutions to tap into, rather than finding a unique business model for the startup itself. “Our goal is to slowly transition the very limited functions that we control to the community over the next two years,” he said referring to exchanges and custodians. “Our highest priority is building something that is sustainable. … From there we could probably build on top of the protocol.”