compose: Docker compose very slow on mac catalina

docker-compose status hangs when making any http call to docker daemon. It was fine using macOS Mojave, I upgraded to Catalina and not it is very slow

I tried all the solutions mentioned above, new docker-compose , using mac binaries etc. docker compose is very slow on mac catalina, please provide fix

I have installed latest version of docker on mac, and also checked other fixes and bug reports i.e. https://github.com/docker/compose/pull/7010 and #6956

No fixes are working, it is still very slow