💡 3. Compound – Pure governance tokenomics
Compound takes a different direction. Token $COMP

COMPUSDT
Perp
30.12
-3.30%
primarily used for voting, with almost no direct financial utility.
Users who borrow or lend on Compound receive additional rewards in COMP.
This helped the project explode in the early stages (DeFi Summer 2020), but also led to the "farming and dumping" issue — significant selling pressure.
In summary, Compound's tokenomics helps increase short-term liquidity but does not create long-term accumulated value.
Because the token is not tied to real revenue, it relies solely on governance trust.