DeFi Lending Protocol Compound Launches Compound III

DeFi lending protocol Compound announced that its new version Compound III has been live. Compound III is a streamlined version of the protocol, which moves away from a pooled-risk model. Now, each deployment of Compound III features a single borrowable asset, and the collateral remians the property of the borrower, which can't be withdrawn by other users. Currently, Compound III allows users to borrow $USDC using $ETH, $WBTC, $LINK, $UNI, and $COMP as collateral.