Interesting to see how the COMP distribution is playing out. I see people trying to milk/farm for more COMP by borrowing USDT and lending it back to the protocol. The current price of COMP still justify doing so.
If you have a lot of ETH, that's the way to do it.
Most of this USDT is coming from Huobi, which I find really interesting.
I took some USDT loans over at Aave and put it in Compound. I am earning from the interest spread plus getting the COMP tokens. Hopefully I earn enough to cover the gas fees though. Haha..