Compound has almost been forgotten, whereas it was the main DeFi protocol less than one year ago. In the meantime, so many DeFi protocols have popped up that Compound looks like a dinosaur. On top of that, the Ethereum fees are so high that it is not profitable anymore, unless you have 10+ BTC to wrap & lend at a cost of USD 800.

However, if you go on Pancakeswap through Binance Smart Chain, you will notice some liquidity & staking pools using COMP with pretty good APYs... Why COMP, whereas there are so many other DeFi tokens?

The first reason is the famous ratio Market cap/TVL: USD 2.053B/USD 4.674B = 0.44. If you compare it with some other well-known DeFi protocols, your will see that Compound Market cap/TVL ratio is on the low side.

The second reason is that Compound is working to reduce the fees, e.g. by using Ethereum Layer 2 Optimism network. As there are working on several options, it is likely they will find a good one and announce it this year.

In the meantime, it could be worthwhile to hodl COMP until it happens. You can put a stop loss to mitigate the risk. As usual, it is not a financial advice, just a gut feeling.