TechFlow news — According to the official governance website, Compound Labs has released the codebase for Compound III, a multi-chain lending protocol, to the community. Compound III is designed with borrowers in mind, aiming to be capital-efficient, gas-efficient, secure, and easy to manage.
Key changes include: Compound III deployments feature a single borrowable (interest-bearing) base asset; collateral-specific borrowing limits; separate collateral factors for borrowing and liquidation; a fully redesigned risk management and liquidation engine; and direct integration with Chainlink price feeds.
The protocol has not yet launched. Developers can integrate the code into existing platforms and provide improvement suggestions. In the coming weeks, Compound Labs will collaborate with the community to complete protocol audits; learn from the current testnet; deploy the initial version on Ethereum, including interfaces, liquidation bots, and tools; and begin deployment across other EVM-compatible chains.
