Compound launches Compound DAO governance vault on Morpho

Golden Finance reports that on March 14, Compound announced the construction of a DAO-managed vault on Morpho, which will be managed by Gauntlet. Users can earn profits and borrow directly by depositing into the vault. Compound will take 10% of the income generated from the vault as DAO revenue. In addition, Compound has launched a Morpho-driven vault on Polygon and allocated $3 million in COMP and POL incentives to accelerate ecosystem growth.