Crypto trader and analyst Tyler Swope is breaking down his fundamental analysis on three crypto projects that the market may be selling short.
In his latest livestream event, Swope tells his 220,000 subscribers that decentralized finance (DeFi) project Compound (COMP) is likely on the verge of breaking out amid news that it will be migrating over to the Polkadot (DOT) substrate ecosystem and that it is releasing its new product, Gateway.
Says the Compound team on the new product,
“Gateway is a Substrate blockchain, governed by COMP token-holders on Ethereum. From the get-go, Gateway is fully upgradeable; governance is able to directly upgrade the blockchain by voting on code upgrades, without forks or downtime.”
Swope also notes that Compound CEO and founder Robert Leshner recently spoke with the Federal Reserve about DeFi and specifically the Compound mission.
“Compound CEO and founder… said this just last week, ‘Today I had the opportunity to present Compound and DeFi to the