The DeFi lending agreement Compound tweeted that it will soon launch its third version of the multi-chain lending agreement Compound III (Comet), which will first deploy the USDC market on Ethereum. Currently, the contract has been deployed on the main network and will be activated by Compound governance. At the end of June, Compound Labs released the code library of Compound III, a multi-chain lending protocol, to the community. Compound III was designed with the borrower in mind to be capital efficient, gas efficient, secure and easy to manage. Major changes include: Compound III deployments have a single borrowable (interest-bearing) underlying asset, collateral size limits are set for each collateral asset, there are separate collateral factors for borrowing and liquidation, the risk management/liquidation engine has been completely redesigned, direct Use Chainlink for price feeds, etc.