Compound (COMP)

Most DAOs are run by three groups: 1. core team/foundation 2. professional delegates 3. token whales Professional delegates exist because 1) most token holders ignore governance, 2) 95% of votes are "upgrade to v4.2.1," and 3) someone has to get paid to care. This setup was meant to prevent attacks like Compound's in 2024, where a whale bought tokens and voted to drain $24M in $COMP tokens because only 57 addresses voted. No one cared to vote. This tri-alliance has multiple flaws from Vitalik mentioned vulnerability to capture and weakness to human politics. Compound itself is now basically run by Gauntlet. And you'll see same 'professional delegate' names across multiple DAOs as they collect payments from delegation rewards. I'm one of them! Not just for the fees, but it's giving me skin-in-the game. Not just yapping on X. But this model is dying. 1) DAOs are centralizing or stopping voting altogether since regulation pressure is gone and decentralized governance is just inefficient. 2) Delegate payments dried up. Businesses are shutting down. Vitalik's mentioned AI voting would be fun: delegate your tokens to an AI that knows your values. Votes happen automatically. More decentralization and less fatigue, so you really show up when controversial votes comes up. I also want to see more futarchy voting. It lets prediction markets decide. In this Gnosis vote, the market priced YES at 115 vs NO at 99, meaning GNO would pump 13% if the proposal passed. But it all works if project founders decide to care about DAOs at all. And I worry that many simply won't care.

🧑‍💻 OGAudit Web3 Research 📢 Introducing @compoundfinance; Compound Finance ($COMP) is an Ethereum-based DeFi protocol enabling users to earn interest or borrow crypto assets in a permissionless, noncustodial manner through algorithmic money markets. Category: DeFi Ticker: $COMP Market Cap: $249.99M Rank: #247 OG Score: 48.40 / 100 Reviewed by: 6 OGs 🔍 More info: https://t.co/Oe6fU8ZSFt

Who else is looking at an old vault wallet and wondering why the $COMP they bought at $300 and did not sell at $800 is still just sitting there? Or is this just a me problem?

Compound ( $COMP ) is trading at a critical inflection point after a brutal multi-year downtrend. 📉 Down ~88% from ATH 📐 Descending trendline compression 🟣 Strong historical demand zone holding 📊 Price grinding sideways = accumulation behavior 🟢 A clean breakout above the downtrend + range high could trigger a major trend reversal. ⚡️ Long consolidations often lead to violent expansions. @compoundfinance

Wu said he learned, according to @EmberCN monitoring, that about 2 hours ago, the crypto venture firm a16z crypto transferred 27.6万 COMP (approximately $7.6 million) to Coinbase Prime. a16z is one of the lead investors of Compound and received a allocation of 1,000,000 COMP (10% of the total) in March 2020. Currently, a16z‑related on‑chain addresses mainly hold 64,000,000 UNI (about $325 million) and 19,510,000 OP (about $5.71 million), and no longer hold COMP. https://t.co/HOJx2LmxZL

2 hours ago, crypto VC @a16zcrypto transferred 276,000 $COMP ($7.6 million) into Coinbase Prime. a16z is the lead investor in Compound, having invested in March 2020 and obtained 1 million COMP (10% of total COMP). Currently, a16z's on-chain address mainly holds 64 million $UNI ($325 million) and 19.51 million $OP ($5.71 million), and no longer has COMP. https://t.co/8RgIjOC4Du --------------------------------------------------------- This article is sponsored by @Bitget | Bitget VIP, lower fees, more benefits

To Compound Delegates: We've put together a proposal on the Compound Forums to support COMP Buybacks, and build liquidity on Arbitrum. Our vault build is nearly complete, and we will be deploying our own COMP holdings into this product. Would love to chat with each of you.