DeFi
AlphaGrowth to lead strategic expansion of Compound DAO in
Washington, DC, July 24, 2024 (GLOBE NEWSWIRE) — 
Compound DAO, a leading decentralized finance (DeFi) protocol, has announced the formalization of a one-year partnership with AlphaGrowth, the DeFi operating companyAlphaGrowth 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 generate sustainable revenue and solidify Compound’s position as a leader in DeFi.
AlphaGrowth, recognized for its expertise in decentralized operations and strategies, is uniquely positioned to address the challenges faced by blockchain protocols looking to scale and optimize their operations. Many protocols, despite their substantial valuations, lack the operational infrastructure and strategic direction needed to realize their full potential. AlphaGrowth fills 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 terrain of DeFi and achieve sustainable growth.”
AlphaGrowth The approach involves a multifaceted 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 in the form of APR incentives.
The team has already achieved notable successes, securing a 1.8 million ARB token grant and a 150,000 OP token grant on behalf of the protocol. Distributing a portion of these grants as incentives has attracted a remarkable $130 million in additional TVL to Compound’s markets.
To further demonstrate its commitment to innovation, the team successfully launched Compound on Optimism with USDT and USDC markets, and scaled Arbitrum by adding wETH and USDT markets. Several new collateral assets were also added. With a rigorous development schedule, AlphaGrowth is on track to achieve its ambitious goals of generating $500 million in TVL by next year.
Users are invited to participate in several ongoing marketing campaigns and rewards programs, including: (Ross Gates and I have to update them
AlphaGrowth remains deeply committed to working with the Compound community, actively engaging in discussions about the Composed forum to promote transparency and gather valuable information.
Disclaimer: The information provided in this press release is not a solicitation for investment and does not constitute investment advice, financial advice or trading advice. You are strongly advised to conduct your own due diligence, including consulting a professional financial advisor, before investing or trading in cryptocurrencies and securities.
