These vaults are designed for assets like USDC, WETH, USDT, and WPOL, and are structured on Morpho’s technology, a direct competitor of Compound

The approval of Gauntlet’s governance proposal to establish a partnership between Compound and Morpho led to the launch of four new USDC, WETH, USDT and WPOL using Morpho Blue infrastructure. To support the initiative, Compound and Polygon committed $3 million in incentives ($1.5 million each).