Polygon
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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).
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Gauntlet proposed that Compound and Morpho partner to capture some of the market volume left by Aave’s recent withdrawal from Polygon PoS
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The launch of the new Morpho-powered vaults on Polygon marks a major shift for Compound, transitioning from its own technology stack to Morpho’s infrastructure to enhance lending efficiency and regain market share
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