AlphaGrowth to Lead Compound DAO’s Strategic Expansion in DeFi

Compound
DAO,
a
leading
decentralized
finance
(DeFi)
protocol,
announced
the
formalization
of
a
one-year
partnership
with AlphaGrowth,
the
DeFi
operations
firm.
AlphaGrowth
has
a
proven
track
record
of
accelerating
multiple
blockchain
protocols
and
ecosystems.
This
strategic
collaboration
follows
a
successful
five-month
trial
period
that
began
in
December
and
aims
to
drive
sustainable
revenue
generation
and
solidify
Compound’s
position
as
a
DeFi
leader.

AlphaGrowth,
recognized
for
its
expertise
in
decentralized
operations
and
strategy,
is
uniquely
positioned
to
address
the
challenges
faced
by
blockchain
protocols
seeking
to
scale
and
optimize
their
operations.Many
protocols,
despite
their
substantial
valuations,
lack
the
operational
infrastructure
and
strategic
guidance
necessary
to
fully
realize
their
potential.
AlphaGrowth
bridges
this
gap
by
providing
a
comprehensive
suite
of
services
tailored
to
the
unique
needs
of
decentralized
organizations.

“We
see
ourselves
as
the
strategic
engine
that
propels
DeFi
protocols
forward,”
said
Bryan
Colligan,
CEO
of
AlphaGrowth. “Just
as
a
well-designed
car
needs
a
skilled
driver
to
reach
its
full
potential,
blockchain
protocols
need
expert
operational
guidance
to
navigate
the
complex
DeFi
terrain
and
achieve
sustainable
growth.”

AlphaGrowth’s approach
involves
a
multi-faceted
strategy
that
includes
new
markets
and
collateral
assets
on
Compound
V3,
expanding
the
protocol’s
presence
on
new
blockchains,
and
securing
ecosystem
grants
to
distribute
to
Compound
users
as
APR
incentives.

Already,
the
team
has
achieved
notable
successes,
securing
a
1.8M
ARB
token
grant
and
150K
OP
token
grant
on
behalf
of
the
protocol.
Distributing
a
portion
of
these
grants
as
incentives
has
attracted
a
remarkable
$130
Million
in
new
TVL
to
Compound’s
markets.

Further
demonstrating
their
commitment
to
innovation,
the
team
has
successfully
launched
Compound
on
Optimism
with
USDT
and
USDC
markets,
and
augmented
Arbitrum
by
adding
wETH
and
USDT
markets.
Several
new
collateral
assets
have
also
been
added.
With
a
rigorous
development
schedule
in
place,
AlphaGrowth
is
poised
to
achieve
its
ambitious
goals
to
drive
$500
Million
in
TVL
 for
the
next
year.

Users
are
invited
to
participate
in
several
ongoing
marketing
campaigns
and
rewards
programs,
including:
(Ross
Gates and
I
have
to
update
these

AlphaGrowth
remains
deeply
committed
to
collaborating
with
the
Compound
community,
actively
engaging
in
discussions
on
the Compound
forum to
foster
transparency
and
gather
valuable
insights.

Disclaimer: The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
in
or
trading
cryptocurrency
and
securities.