Compound Labs has launched the Encumber mechanism, which allows users to separate token ownership and transfer rights.

BlockBeats news, on July 7th, according to official sources, decentralized finance (DeFi) company Compound Labs has launched the Encumber mechanism, which allows users to separate token ownership from transfer rights. When token owners pledge their tokens to another account, they grant that account exclusive rights to transfer the tokens while retaining ownership. By using Encumber, token holders can retain auxiliary ownership interests, such as airdrops, governance rights, or access to content and activities, while still participating in DeFi.