Lend and borrow have been pretty much stagnant since July. Yield on this market has been consistently >2% higher than Aave v3 USDC on Polygon, and capital still hasn’t migrated here.
It feels like it’s worth experimenting with incentives on this particular market. This market is still small and also mature enough to use as a model for Base and Arbitrum growth, as well as future launches.
COMP incentives as is don’t seem to be showing good ROI.