Bitcoin Forum

I noticed this new coin in third position on worldcoinindex: https://compound.finance/governance/comp
https://www.worldcoinindex.com/coin/compound

Would like to know what the community thinks of this coin?

Im still feeling doubtful about the reliability of this platform and it seems like you must also need to visit other thread that has already created by someone too.

https://bitcointalk.org/index.php?topic=5260469.0

For me, compound is an overhyping DeFi

Compoud is a popular DEFI and it's working. It's all on a smart contract and everything's predictable. The DEFI itself doesn't provide any unrealistic returns and makes a profit on cut from lenders and borrowers. The COMP coin of the defi has seen good rally after being listed on the exchange. It's probably due to the success and volume this DEFI manages. I can't guarantee the future of it but I haven't found any thing that could break this DEFI in near term.

Compound works and it's well adopted by investors but for the fact that it's too costly I will prefer to look for another DeFi project that's less costly and still new, it doesn't matter, all you have to do is deep research, many new promising DeFi projects will rise

I've seen this thread too.
Just a matter of time that when projects like this goes up, they'll start to go down. What I think for such projects, know what it's really all about. No one stops you from investing to different projects or these DeFi but see to it that you understand its concept.

yeah, and COMP token relation to Compaund system is doubtful, one should recognize that there is no clear connection, as a matter of fact they do not need COMP token for the system to work
based on that, it is doubtful how one will receive any interest based on stacking COMP tokens, and that could influence value, token rise was fast, but going down could be faster than this

This is the largest project in the DeFi ecosystem, and its price has risen greatly in the past few months and helped many investors gain profits. But now is not a good time to invest in it, research carefully before making a decision.

Expect that most of the companies that are into cryptocurrency are likely to consider having their token. It's an incentive for them actually and not for the investors because the investors get nothing from it. While the developers can easily dump the token quickly for their profit.
Price manipulation does happen most of the time in tokens like this but as all of you know, being an investor you have to be aware of this so that your money will be safe.