Scientist: The cost of blending is five times higher than more than 88% of its assets loaned to liquid workers.
According to Cointelegraph on July 13, compound tokens were at least five times overvalued as more than 88% of their $1 billion ledger was lent to liquid miners, scientists said. According to Compound, more than $800 million of the $1 billion investment portfolio was in DAI, with all of DAI less than $200 million in total. As of July 1, only 30 million DAI had been loaned. A similar thing happened with USDC, which raised $30-180 million overnight. The rise in DAI and USDC can be used to estimate how much of Compound's ledger is legally used and how much liquidity is being mined. The post-war crisis between USDC and DAI reached $881 million, supported by capable staff. Thus, the compound value of the book cannot exceed $119 million, some of which will still have less support than “income”.
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