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Compound Labs announced that they were launching a new DeFi focused product called Compound Treasury for institutional entities and businesses on Jun 28. The aim is to offer a respectable 4% fixed interest rate without requiring them to delve into the complex workings of the protocols. This will allow influx of new money into DeFi, at a time, when yields in traditional finance is drying up and investors are looking towards new arenas. Compound calls it the race to onboard the next billion DeFi users.