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Compound launches Compund DAO governance vault on Morpho

Internet reports that on March 14, Compound announced that it would build a DAO-managed vault on Morpho and be managed by Gauntlet. Users can directly earn income and borrow money by depositing it into the vault. Compound will collect 10% of the proceeds generated by the vault as DAO revenue. In addition, Compound has launched Morpho-driven vaults in Polygon and allocated $3 million in COMP and POL incentives to accelerate ecological growth.

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