Hello all!

This article to share my s**tty experience on compound.

Around 1 month ago, compound defi platform paid 25% APY on BAT.

I don't thinked to much at this time and just wanted to give it a try...

I should have seen that they don't lend BAT in fact (so why supplying it?)

I've supply a hundred BAT, ethereum fees are expensives because using different smart contracts to enroll is gas costly (270k+) and gas price is high since compound launch, as it saturates the ethereum blockchain with its friends aave, uniswap and others.

So i costed me 4$ in eth to enroll.

25% APY during several days (maybe 10 days), then 12.5 during 3 days without any explanation, then 5... now 0.02%

Now, to cash out, i need another 4 to 5 $, gas price having increased continuously...

So, ok i wanted to try this, so no problem with that. My point here is that's like a trap: this platforms attracts tokens with high APY, just changes what it wants when it wants to change the game, and as it makes increase ethereum fees, i thing much people may just wait to now lose money at the end.

At what point is it made for trapping? You exchange real valued tokens with platform specific tokens through their smartcontracts, which intrinsically equals to zero if the platform is not hype any more?

Ok, i assume it's my view and experience, and the ethereum evm is saturated...

And you, what do you think of it? What is your experience?

For low experienced people, be careful with your coins guys!

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