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& #39;s very concerned with its reputation and branding.

It& #39;s the Coinbase of DeFi lending

Compound& #39;s market cap/TVL is 0.68, but this doesn& #39;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& #39;s a 30-something club slut

Compound& #39;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 & #39;independent& #39; 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& #39;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& #39;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& #39;s doubly clear there& #39;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