Compound founder and CEO Jayson Hobby announced his resignation and, together with two other Compound Labs executives, launched a new DeFi protocol, Legend. The other two executives are Compound founder and CTO Geoffery Hayes and Compound Vice President of Product Mykel Pereira.

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Wu learned that Jayson Hobby, the founder and CEO of Compound, announced his resignation and, together with two other executives from Compound Labs, launched a new DeFi protocol called Legend. The other two executives are Compound's founder and CTO, Geoffery Hayes, and Compound's Vice President of Product, Mykel Pereira.

Compound founding team members resign to establish new DeFi protocol Legend