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Andreessen Horowitz (a16z) transferred 300,000 COMP tokens worth $13.75 million to Coinbase Prime, sparking speculation about their long-term stance on Compound. The move comes amid Compound’s shift to a Uniswap-style governance model aimed at deeper decentralization. Market watchers are closely monitoring the implications for COMP’s price and a16z’s broader DeFi strategy.
- a16z transferred 300,000 COMP ($13.75M) to Coinbase Prime, retaining 500,000 COMP ($22M), raising questions about their Compound strategy.
- Compound recently adopted a Uniswap-style governance model to enhance decentralization, potentially influencing a16z's decision.
- a16z's parallel $55M commitment to LayerZero hints at a broader portfolio reallocation toward DeFi and interoperability projects.
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