Compound Growth Program Quarterly Report - Overview

1

Introduction

The Compound Growth Program recently completed the first phase (Q1) of its operation since the approval of the Long term Compound Growth Program by the DAO. This period was quite eventful with the addition of new markets & collaterals, the deployment of $2M of incentives, new partnerships and Compound reaching new TVL highs on L2s.

This Quarterly report highlights the key achievements of the Compound Growth Program in the first quarter of its operations.

We are also publishing 7 articles outlining the initiatives that led to the successful quarter along with their associated challenges & learnings.

Expanding Compound’s Utility

The growth team has led the addition of 7 new markets on Compound on various Chains, additionally within these markets and independently we have added more than 30 collaterals which were in demand on the Market. For example, we added weETH collateral on ETH market on Arbitrum and it has hit its supply cap every time the cap is raised.

“We’ve added 7 Markets and 30+ collaterals”

1600Ă—900 150 KB

Zero to $100M+ in less than 2 months

1600Ă—900 148 KB

$55M to $154M+ per DefiLlama (8/30/24)

Increasing User Growth

1600Ă—672 97.6 KB

Addresses interacting with Compound since it’s inception increased by 52% in just the last 3 months since the growth team started our initiatives.

Increasing TVL

Compound V3’s Protocol TVL stayed above the $900M mark since the beginning of December. While increasing in mid February following a positive market outlook, the TVL witnessed a sharp decline toward the end of July due to Governace proposal 289.

1380Ă—652 41.3 KB

Arbtirum’s share of Compound’s total TVL has consistently risen and now Arbitrum has the second largest TVL of any Chain hosting Compound.

Next Steps

With our refined strategy, enhanced focus, and unwavering commitment to community collaboration, we’re confident in our ability to continue delivering exceptional results for Compound DAO. The future of Compound is bright, and we look forward to sharing our continued progress with the Community members

Read More

The report will be divided into a series of articles, additional articles will be published shortly including:

  • Q1 Chain Specific TVL & User Growth
  • How Compound things about Marketing in Q1
  • The Growth Team’s roadmap for future expansion
  • “Help Wanted” a few Compound ecosystem challenges
3 Likes