Centrifuge Protocol vs Compound V3

Centrifuge Protocol tokenizes real-world assets like invoices and credit pools for DeFi. Its infrastructure bridges traditional finance and DeFi, enabling collateralization of real-world assets for on-chain lending.

Compound V3—also branded ‘Comet’—moves to a one‑way collateral model where users borrow a single base asset (USDC, ETH or WBTC) against isolated collateral lists. The simpler architecture reduces attack surface, halves gas per transaction and lets governance set per‑asset borrow caps. Launched on Ethereum in August 2022, V3 has since been ported to Arbitrum and Base and underpins products such as Coinbase’s USDC institutional lending pool.