Compound wants to learn from Uniswap with a new platform initiative.

Compound Labs, the development team behind the DeFi protocol Compound Finance, is considering launching a dedicated platform to optimize operations and promote the sustainable development of the protocol.

In a post on April 1, Compound Labs stated that the establishment of a separate platform has become a common practice in major DeFi ecosystems. A similar structure for Compound could bring stability, legal transparency, and enhance community cohesion.

Initially, the operational model of Compound was quite simple, reflecting the experimental nature of DeFi in its early stages. However, as the platform matured, the lack of a centralized structure complicated the management of important activities. Although it has outsourced risk assessment services to Gauntlet and security audits to OpenZeppelin, the absence of an official organization still poses many unnecessary obstacles.

The Compound Labs team emphasizes:

"With the upcoming development of Compound v4, the increasing participation of the community on forums, along with the process of decentralizing the Compound ecosystem and Compound Labs gradually reducing its role, we see an urgent need for a more stable structure. Therefore, it is time for us to consider the establishment of the Compound Foundation."

After this announcement, the price of COMP – the native token of Compound Finance – has dropped about 6% to a low of 42 USD before slightly recovering to around 45 USD at the time of writing.

If established, the Compound Foundation will operate independently from Compound Labs and existing organizations, playing a coordinating role and providing strategic direction for stakeholders. According to Compound Labs, this foundation will have a model similar to that of the Uniswap Foundation, supporting governance, development, and connecting the contributing community.

Before making a final decision, Compound Labs intends to open discussions on community forums to gather feedback.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.

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