PANews reported on July 12 that Compound Labs CEO JSON (@jaysonhobby) announced the launch of a new company, Legend, which aims to bring the next 100 million users to the chain by building the world's best DeFi interface. The platform will enable users to own and control digital assets, support seamless interaction of multiple protocols and multiple blockchains, mobile-first design, and use keys instead of seed phrases. JSON also announced his resignation as CEO of Compound Labs, saying that the Compound protocol has achieved true decentralization. JSON will co-found Legend with two former colleagues from Compound Labs, and is committed to promoting the future development of DeFi.