What killed it?
Is COMP dead?
Ayden Butler
Other urls found in this thread:
stateraindexfund.wixsite.com
twitter.com
Cooper Myers
snx flippening
Lincoln Thompson
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
Carter Hill
but why did the snacks flip
Leo Lopez
being retards, they decided to kill bat rewards.
why? because they are retards.
Robert Kelly
desu ive had my head in the sand but that sounds pretty bad. might sell
Tyler Jackson
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
Nicholas Taylor
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.
Connor Kelly
That sounds hilarious, how do I contribute to worsening this clusterfuck of a situation? I have 10 bitcoins
Adrian Smith
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
Ryder Wood
Asher Perez
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.
Caleb Bell
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
Austin Moore
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
Michael Harris
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.
Ryder Wood
no fud here, people complaining about the governance model are 100% correct. 5 addresses control basically 95% of the voting power
Angel Bennett
Not only that but it's only purpose right now is governance. You get nothing other than a worthless vote.
Lucas Hughes
(((Robert Leshner)))
Luke Johnson
Owen Cruz
Lol this meme is stupid theyre totally different products. Fucking crypto investors are morons
Dominic Walker
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.
Brody Harris
hurr durr I dont want to control a system with 1.3 billion dollars in it, the largest project on ethereum by far
John Clark
there is no way anyone here could influence the voting. Literally like 5 or 6 whale investor funds control most of the voting
Logan Jones
you really think a16z/coinbase/paradigm/polychain/allthepeopleontheirwebsite "wants to stay poor?"
Jacob Reyes
i think they will do what benefits them most
Colton Miller
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
Austin Richardson
Ive been farming and buying COMP - what benefits a16z is going to benefit me too, nobody id rather own the same bag as
Jaxon Lewis
this. tried to vote, and two whales with like 20% of coins each had already made the decision already
Hudson King
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
Wyatt Nguyen
Oh yeah, and to cast your worthless vote with your worthless token, you have to pay gas fees. dump this shit to the ground
Easton Martin
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.
Blake Price
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?
Gabriel Green
as long as what benefits them is COMP going up in price, then we are aligned with the whales.
Adrian Clark
AAVE killed it.
Cameron Adams
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