@defiscan
Compound V3's DECENTRALIZATION review: STAGE 0
Compound V3 is a lending protocol that accepts a base asset as liquidity and allows borrowing this base asset with a variety of other assets as collateral.
Multiple base assets are supported such as $USDC, $WETH, $USDT, $wstETH, and $USDS. Each base asset represents an isolated lending market managed by a separate instance of the protocol.
Compound governance is able to update various parameters for each of these markets.