Background
Compound III is a next-generation collateralized borrowing protocol, designed for security, capital efficiency, low gas costs, and streamlined governance.
About BNB Chain
BNB Chain is a decentralized, public blockchain that operates using a proof-of-stake (PoS) consensus mechanism. It is designed to support the development and deployment of decentralized applications (dApps) and decentralized finance (DeFi) projects and is powered by the Binance Coin (BNB) token. BNB Chain is operated by Binance, a leading cryptocurrency exchange and blockchain technology company, but is open to participation and contributions from a global community of developers, users, and stakeholders.
Proposal
Initialize Compound III on BNB Chain with BUSD as the borrowable asset. Seed the market with 100k BUSD.
At launch, we propose accepting:
- WETH
- WBTC
- COMP
- BNB
- BUSD
- USDC
- USDT
- CAKE
Protocol Launch
TBD (Supplemented by Gauntlet)
Reasoning:
As an EVM compatible chain, the deployment of Compound III markets on BNB Chain will be seamless.
rleshner is keen to promote the deployment of Uniswap V3 to BNB Chain, why don’t we deploy Compound III to BNB Chain first.