Compound DAO approves $52 million budget, strategic focus shifts to institutional DeFi market

According to CoinDesk, Compound DAO has approved a budget of $52 million and restructured its leadership team to shift its strategic focus towards institutional clients, with plans to expand RWA, partner integration, and traditional financial credit infrastructure. At present, Compound TVL is $1.2 billion, a 90% decrease from the peak of $12 billion in 2021.