Researchers claim that the Compound token is at least five-fold overvalued as over 88% of its $1 billion book is lent to liquidity miners.
Source: https://cointelegraph.com/news/compound-5x-overvalued-as-comp-farming-accounts-for-88-of-its-assets
Compound ‘5x Overvalued’ as COMP Farming Accounts for 88% of Its Assets
July 13, 2020
CoinTelegraph