DeFi Rotation Third Stage: Compound (COMP) Governance Proposal Imitates Aave
As the "DeFi Dividend" narrative completely ignites the market under the leadership of Uniswap and Aave, the capital flow this Tuesday is very clear: seeking the stagnant old blue chips in "DeFi 1.0". At the same time, the highly anticipated EigenLayer large unlock took place today, but the market staged a reversal drama of "bad news being fully priced in is good news".
This is a typical sector rotation logic. Following Uniswap and Aave, the community of the lending protocol veteran Compound has today introduced a new governance proposal named "Golden Circle".
The proposal suggests using part of the surplus in the Compound Treasury (mainly USDC reserves) for the buyback and destruction of COMP, which is seen as the most radical attempt at token economics reform in the protocol's history.
Funds are starting to mindlessly sweep up all "old DeFi", with Synthetix (SNX) and Balancer (BAL) both seeing gains today.
