Compound Finance launched on Unichain with expanded collateral support including wstETH, weETH, ezETH, BTC, and UNI.
DeFi & Yields ·
Compound Finance deployed its lending protocol on Unichain, enabling borrowers to use wstETH, weETH, ezETH, BTC, and UNI as collateral. The launch expands the protocol's presence across multiple blockchains and introduces new asset options to its lending markets.
The deployment broadens Compound's collateral base by incorporating liquid staking tokens and native assets alongside established cryptocurrencies. This multi-chain strategy positions the protocol to capture activity on Unichain while maintaining its existing infrastructure on other networks.
Adoption rates on the new chain and the demand for these specific collateral types remain to be seen. The extent to which this expansion will drive material growth in total value locked or protocol revenue depends on market uptake and competitive positioning relative to other lending platforms on Unichain.