Compound Foundation has launched a USDC lending market designed for institutional participants, offering borrowing against ETH, wstETH, WBTC and cbBTC under asset-specific risk settings. The Compound v3 market sets loan-to-value ratios at 87% for ETH, 85% for wstETH and 81% for WBTC and cbBTC, with a $10 million borrowing cap for each asset. USDC suppliers receive standard market yield, while approved suppliers depositing at least 100,000 USDC can share up to 200,000 USDC in additional incentives over three months, subject to a $20 million eligible-deposit limit. Compound said the market was oversubscribed at launch, naming DeFi Saver, K3, KPK and Yearn as participants. The product is part of Compound's DAO-approved, two-year $52 million development program focused on institutional lending, real-world assets and financial-services integrations. A governance proposal submitted by delegate ugurmersin argues that the DAO should receive ultimate control over the market's administrators and risk parameters.