Token Incentives — Do They Work? How Sustainable Are They?
A COMP Case Study
Compound Protocol was one of the first protocols to kickstart native token mining programs, like yield farming or liquidity mining. Compound saw a peak at $372.79 during the height of such token incentive programs. Today, COMP hovers around less than half its peak price.
Compound Protocol
Compound is a lending and borrowing protocol. Users deposit assets …