Is COMP dead?

[Anonymous No.20100815]

What killed it?

[Anonymous No.20100836]

snx flippening

[Anonymous No.20100886]

its a free token for literally just holding lots of money. Of course its going to dump. The smart thing is to immediately convert it to more eth to earn more money

[Anonymous No.20100890]

>>20100836
but why did the snacks flip

[Anonymous No.20100916]

>>20100815
being retards, they decided to kill bat rewards.
why? because they are retards.

[Anonymous No.20100942]

>>20100916
desu ive had my head in the sand but that sounds pretty bad. might sell

[Anonymous No.20101213]

>>20100916
it was extremely unhealthy anyway
but now its unhealty in a completely different way. They're creating a liquidity crisis with DAI. we might unironically see 1$ Eth in a flash crash cause everyone wont be able to pay back their DAI cdps due to the supply being tied up in comp

[Anonymous No.20101223]

>>20100916
True pill. Retards had everything in their hands. Fucked up, big time. Trust is lost forever now. Dump ASAP and if you took a loss, learn from it and move on. Always inform yourself before you invest! I invested heavily into AnalysX. Because I did my research. Look it up. Potentially the biggest moonshot in years.

[Anonymous No.20101230]

>>20101213
That sounds hilarious, how do I contribute to worsening this clusterfuck of a situation? I have 10 bitcoins

[Anonymous No.20101288]

>>20101230
You have one main option if you want to realllllllllly contribute. You can take that 10 btc and turn it into wrapped btc. Take that wrapped btc and put it into compound. Being careful not to over leverage yourself (because you’d get liquidated in a flash crash) you can use an app like defisaver to borrow and supply dai against your wBtc in one trans as action. This effectively gives you the ability to borrow almost 4x as much dai as you would normally, which if you really have 90k in btc would be a lot lol. You will earn a pretty nice apy on comp doing this

[Anonymous No.20101327]

>>20101288
https://stateraindexfund.wixsite.com/unofficial

[Anonymous No.20101345]

>>20100916
This. They had so much BAT and it's all gone now. Nobody cares anymore. Oh, but you can farm a token that's bleeding out with a stable coin that's losing its peg. It's bad enough sitting in a stable coin. It's even worse having to lend $100k of a stable coin just to make a few hundred dollars and be at constant risk from the proposals they push through every four days. Really sloppy team and the coin is just going to keep dumping. Their governance model is extremely flawed too. Voting doesnt even matter.

[Anonymous No.20101442]

>>20101345
The ceo of compound has the ability to basically shut down any proposal he doesn’t like. He shot down the most recent one with 100k vote power lmao. It’s ridiculous. I

[Anonymous No.20101760]

a lot of salty fud, which is good

biz always buys the top and sells the bottom

COMP is the same as LEND and MKR, but compound is bigger than those by far

nobody gave a shit about BAT, everyone of you who fell for a youtube video that said to buy BAT and farm comp is retard

[Anonymous No.20101765]

>>20101442
At least maker tokens give holders some dividends. I dont think the votes are as poorly weighted either. Need to get my BAT off compound ASAP. It's a shitshow and the gas fees are outrageous.

[Anonymous No.20101800]

>>20101760
no fud here, people complaining about the governance model are 100% correct. 5 addresses control basically 95% of the voting power

[Anonymous No.20102815]

>>20101800
Not only that but it's only purpose right now is governance. You get nothing other than a worthless vote.

[Anonymous No.20102919]

>>20100815
(((Robert Leshner)))

[Anonymous No.20102937]

[Anonymous No.20103167]

>>20102937
Lol this meme is stupid theyre totally different products. Fucking crypto investors are morons

[Anonymous No.20103176]

>>20102815

the purpose of every share of stock is voting. you just don't bother to vote. the smart people who vote add dividends. if you're this short sighted you deserve to stay poor.

[Anonymous No.20103202]

>>20102815

hurr durr I dont want to control a system with 1.3 billion dollars in it, the largest project on ethereum by far

[Anonymous No.20103217]

>>20103176
there is no way anyone here could influence the voting. Literally like 5 or 6 whale investor funds control most of the voting

[Anonymous No.20103226]

>>20103217

you really think a16z/coinbase/paradigm/polychain/allthepeopleontheirwebsite "wants to stay poor?"

[Anonymous No.20103242]

>>20103226
i think they will do what benefits them most

[Anonymous No.20103264]

>>20103242
also, you don't control the voting of ANY company on the S&P 500 - the whale investors do. and you still get to vote, and you still get to win when it wins. your logic is pretty flawed.

pretend the investors want to make money - they want compound to succeed, not to...what? vote it to implode?

no project in history has been listed on every exchange so fast - fact
#1 in defi - fact

[Anonymous No.20103304]

>>20103242
Ive been farming and buying COMP - what benefits a16z is going to benefit me too, nobody id rather own the same bag as

[Anonymous No.20103344]

>>20101442
this. tried to vote, and two whales with like 20% of coins each had already made the decision already

[Anonymous No.20103372]

>>20103202
retard. try to cast a vote. even if you have $10k invested, that's still like .001% of a vote. meanwhile, you'll see "Dave" or some shit cast 20% of his coins to vote in favor or disfavor already of a proposal. it's garbage

[Anonymous No.20103405]

Oh yeah, and to cast your worthless vote with your worthless token, you have to pay gas fees. dump this shit to the ground

[Anonymous No.20103424]

>>20103344
>>20103372
Who gives a fuck about voting. They all want COMP to go up in price. It doesn't matter how they vote as long as COMP goes up.

[Anonymous No.20103436]

>>20103405
Again, I am not planning on voting. That is a scam. Your votes do not matter. However, you are trusting that the whales/CEO that are voting are corrupt assholes that want the price of COMP to keep going up. Why would you not want to hold that token?

[Anonymous No.20103443]

>>20103242
as long as what benefits them is COMP going up in price, then we are aligned with the whales.

[Anonymous No.20103466]

>>20100815
AAVE killed it.

[Anonymous No.20103492]

>>20103436
fren, the COMP token does literally nothing except cast votes for proposals on the platform. you don't need it whatsoever to use compound. it's literally worthless. it could go to $0 and compound could still have a billion dollars locked in it

[Anonymous No.20103507]

>>20103436
They get thousands of comp for free every year. The price doesn’t matter to them. It’s free money and they dump it every day. They’re rich with it and it could only be a dollar

[Anonymous No.20103526]

>>20103492
So let me ask you: why isnt compound 0 USD now? Also, if they all sell their COMP to cash out then why does it exist at all?

[Anonymous No.20103555]

>>20103526
see >>20103507
when you lock up money in Compound, you earn COMP tokens for free. whales are doing this and just slowly dumping the COMP tokens on the market

[Anonymous No.20103557]

In other words, the are only a few COMP sold while the remainder are just printed. But someone still has to BUY THE COMP. So even if it is 1 USD WHO IS PAYING 1 DOLLAR FOR THIS? The money has to come from somewhere right?

[Anonymous No.20103575]

>>20103555
So why dont we all lock up our money in compound? Why would we buy the token at all?

[Anonymous No.20103588]

>>20103575
Are you in the compound discord? Normies are joining in because they bought it off coinbase and want to supply comp. they have no idea how it works. It’s literally being propped up by retarded normies, that’s why the price is bleeding

[Anonymous No.20103614]

>>20103575
Also nobody here should be buying it when you can literally earn it easily by using your crypto. I 4x leveraged my stablecoin stack by using defisaver to supply and borrow the same coin and earn comp risk free. I’m getting about 6k worth of comp per year for free with my current stack. That’s all getting converted to more stablecoin to put back into my stack to earn more comp

[Anonymous No.20103642]

>>20103575