Compound V3
Risk ASingle-borrowable-asset lending market by Compound Labs.
EthereumOverview
Compound V3 (Comet) is a redesigned lending protocol where each market has a single borrowable asset. The USDC market accepts ETH/wstETH/etc. as collateral and pays USDC supply APY.
Simpler accounting than V2, no risk of borrow-side toxic asset contagion, and lower gas. Used by Apyee on Ethereum, Base, and Arbitrum.
Safety
- Operating since
- 2022
- Audits
- OpenZeppelinChainSecurity
Incident history
Compound V2 had a governance distribution incident (Sept 2021, ~$90M); V3 (used here) has had no protocol-level exploits since launch.
Contract
Apyee's adapter contract that connects the Vault to Compound V3. The adapter is immutable and the source is verified on-chain.
To deposit into this strategy, use the Vault deposit page and switch to Ethereum. The Keeper allocates idle USDC to Compound V3 when net APY is favorable.
Activity
Keeper operations on this strategy — rebalance, invest, divest.