Compound Finance has approved a $52 million budget and revamped its management team, planning to shift from a crypto-native lending protocol to institutional-focused DeFi infrastructure. Compound's TVL has dropped from its peak of around $12 billion in September 2021 to approximately $1.2 billion today. Moving forward, the focus will be on real-world assets (RWA), institutional partnerships, and credit infrastructure for traditional financial markets. The new team includes executives from organizations like Near Foundation, Maple Finance, Coinbase Custody, Anchorage Digital, HSBC, and more. Compound stated that current DeFi products still fall short of traditional financial institutions' standards in terms of compliance and technical requirements. They aim to attract institutional capital through new products and a strengthened team. (CoinDesk) https://(wublock123.com)/news/news-66683