A tale of two tokens

$COMP vs $LEND

Compound is the consummate San Francisco VC project. Principally owned by Polychain, A16Z, (((Alameda Research))) and early insiders like Robert Leshner, it's very concerned with its reputation and branding.

It's the Coinbase of DeFi lending

Compound's market cap/TVL is 0.68, but this doesn't tell the whole story, because its fully diluted MC is $1.68 billion. Also, its TVL is inflated and consists of ppl recycling their coins over and over to yield farm and dump $COMP on exchanges, like it's a 30-something club slut

Compound's biggest strength is its governance module. But even here, there are weaknesses. NEET did some digging, and I found that a lot of the so-called 'independent' voters on Compound (like blck) actually have delegated COMP and just do the bidding of the core team.

Aave, by contrast, has zero liquidity farming and a market cap/TVL of 0.51. It allows you to borrow or lend a variety of shitcoins, even the more YOLO ones (like $ENJ) that Careful Compound would need to have a 30-hour conversation with Daddy Olaf about.

Aave's locked assets are truly organic. Add in flash loans, undercollateralized lending, experiments with on-chain mortgages, and all its other coming innovations and it's clear that Aave completely dominates Compound. It should trade at a 2-3x premium at least.

When you look at the top 10 outside of $BTC, $ETH and $DOT, it's doubly clear there's a massive opportunity for DeFi protocols like $LEND that have actual fundamental value to seize market cap from these monstrous shitcoins: $ADA, $LTC, $XRP, $BSV