What happened to the Compound and Balancer?

Original title: Are we Rich yet? - Yield Farming 1 month later..

Source: Sanfam  NBSP;

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It's been more than a month since Compound was introduced, so let's take a quick look at the two big mobile mining trends right now: Compound and Balancer.

Compound

Compound currency COMP distribution mechanism

• & have spent2,396,307 million COMPs have been distributed to shareholders of Compound Labs, Inc., the company that created the agreement

• & have spentThe 2,226,037 COMPs were distributed to founders and teams, with a four-year term of protection

• & have spent372,707 COM were assigned to future team members

• & have spent4229,949 COMPs are reserved for the agreement users for mobile mining award (2,890 per day for a period of 4 years)

• & have spent775 000 COMP is reserved for the community to promote governance through other means. Details will be announced later

• & have spentCOMP will be sold or retained by Compound LABS, Inc

Then as of July 15, the number of COMPs assigned to users:

• & have spentNumber of tokens per day: 2,890

• & have spentQuantity allocated: 88,458 pieces

• & have spentAllocable token balance: 4141,490 pieces

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But that's just the user part. And the big ones? & have spent

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The top 10 non-trading addresses have been selling since COMP went live, and the beat found that prices soon fell after each cut. They sold a total of 870,000 comPs. But they are not doing much, and there have been no new activities since July 8.

Current COMP holder distribution

Number of users holding 0.01 -0.1 PIECES of COMP: 5166

Number of users holding 0.1-1 pieces of COMP: 2482

Number of users holding 1-10 comPs: 1298

Number of users holding 10-100 COMPs: 293

Number of users holding 100-1000 comPs: 62

Number of users holding 1,000-10,000 pieces of COMP: 30

Number of users holding 10,000-100,000 pieces of COMP: 12

Number of users holding 1,000,000-10,000,000 comPs: 1

Most COMPs still exist in TOP100 /Compound's own wallet. But the good news is that more and more COMP holders are using liquid mining to get more tokens, further dispersing the over-concentration of tokens.

Some of the largest companies are key participants in Compound corporate governance

Note that the number of COMPs they hold may also contain comPs delegated to them by other COMP holders. It takes another 100,000 ComPs to create governance proposals, so currently only the top nine users can make such proposals.

The yield

With multiple changes to the pilot program, COMP production tends to decline over time and Compound prices are variable.

We are at the stage of the DAI mining era, and DAI is still the best currency for the liquidity mining subsidy. USDT before, BAT next. APY of 10,000 DAI is 10.02%. Given that the index was only 14.13% about a week ago, the latest index could fall further if, all else being equal, COMP does not hold current prices.

Below is a graph of the COMP acquisition ratio in the lending/lending market, showing how behavior changes over time at each stage.

Since July 3, we have observed a downward trend in the number of unique suppliers/borrowers requesting COMP, which reflects governance changes over time. Users with assets outside DAI are likely to find better returns elsewhere and migrate accordingly.

Balancer

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BAL allocation mechanism of token

• & have spentThe BAL maximum supply is 100 million pieces. However, this number is not necessarily final because the BAL holder can change the upper limit through governance if necessary. According to the team's data, 35,435,000 BAL has now been cast:

• & have spentTo provide the founding team, stock options, advisors and investors with 25 million BAL(see the ownership schedule for these tokens below). Of that 25m BAL, 10 per cent is reserved for key employees joining Balancer Labs in the future.

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• & have spentFive million BAL was donated to Balancer Ecosystem Fund to help it attract and motivate strategic partners. The BAL fund's holders will ultimately decide how the fund will be used in the coming years.

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• & have spentFive million BAL is a fundraising fund that will be used for future financing to support the operation and growth of Balancer Labs. This part BAL  Tokens will never be sold to retail investors.

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• & have spentAs mentioned above, 435,000 BAL pieces were cast for the liquidity provider during the first 3 weeks of the liquidity dig. Another 145,000 BAL will be cast each week and distributed to liquidity providers.

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The remaining BAL will be allocated according to the current schedule:

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• & have spent145,000 BAL per week, or about 7.5 million BAL per year, are cast and distributed to liquidity providers

• & have spentBAL may continue to issue liquidity providers for about 8.6 years until the BAL reaches the 100 million BAL ceiling.

Note that BAL scrip holders can change the distribution plan by governance vote if they see fit, but for now, the above still exists.

BAL number allocated to users so far:

• & have spentNumber of tokens per day: 145,000

• & have spentNumber of tokens issued: 870,000

• & have spentRemaining distributable tokens: 64565,000 years

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Current holder distribution

Number of users holding 0.1-1 BAL: 780

Number of users holding 1-10 BAL: 1149

Number of users holding 10-100 BAL: 1141

Number of users holding 100-1,000 BAL: 378

Number of users holding 1,000-10,000 BAL: 124

Number of users holding 10,000-100,000 BAL: 47

Number of users holding 100,000-1,000,000 BAL: 61

Number of users holding 1,000,000 to 10,000,000 BAL: 5

Most of the BAL is still in the wallet of Topmost whale /Banalcer. The number of people with a lower BAL(non-superwhale) is increasing... But the devolution of Banlancer is a struggle, for most holders will not keep the BAL for long. You will notice that in the graph above, in each BAL distribution, the holder in parentheses is removed. This suggests they are simply digging up mines and selling them off.

This is somewhat understandable since there is no such thing as a Compound with a proper governance system that allows BAL holders to propose, vote on, or delegate major changes to the agreement. Therefore, most of his users do not have a strong sense of belonging. A team acting as a governance system that simply listens to the community and discusses it daily to improve the protocol is not ideal.

The yield

BAL price

Like Compound, yields will continue to fall over time. This is largely due to the lack of a management system that encourages "participation" and the diversion of some incentives to other, less risky, tokens/stabilisers.

At present, BAL holders have little reason to hold the BAL, so weekly issues increase the pressure to sell, which pushes down the BAL price and, in turn, the return on liquidity (RoL).

The good news is that the team has heard the community's concerns and responded. Balancer said it would push the Carbon voting page and allow votes on proposals for soft hooks. The BAL liquidity mining price will be influenced by the behavior of participants and the change of liquidity mining cost.

It was a good start, because Balancer was in the early throes and hoped that in the long run, both the team and the community would be better off.

The original address: https://insights.santiment.net/read/5912& FPR = maksim51 & have spent

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