The following is a trade that backs innovation and is short complacency, outlining our thesis to bet on Euler’s $EUL outperforming a slow-moving incumbent like Compound’s $COMP. This idea seeks to capitalize on Compound’s structural decline while riding Euler’s upcoming growth catalysts. The former, once a DeFi lending pioneer, has stagnated due to governance failures, lack of innovation, and market share losses, while Euler’s revival is coming along with strong fundamentals and unpriced catalysts (e.g. the upcoming EulerSwap launch and multi-chain expansion). This long/short pairing aims to gain from the relative outperformance of $EUL versus $COMP—largely independent of broader market direction—profiting from the delta between Euler’s underpriced potential and Compound’s overvalued legacy.
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