Simple Summary
This proposal pauses new mints, borrows across all Compound V2 markets, and sets every market’s Reserve Factor to 100%, directing all future interest to protocol reserves. Repayments, withdrawals, transfers, and liquidations remain available; users are encouraged to migrate activity to Compound V3.
Compound V2 Deprecation Proposal
The following configuration changes will be executed via the Configurator: Pause mints and borrows for all Compound V2 markets. Increase Reserve Factors for all assets to 100%. No changes to repayment, withdrawal, or transfer functionality.
Note: Many V2 markets have already been paused. Markets that need to be paused are listed below (False → True).
| Asset | Mint Paused? | Borrow Paused? | Reserve Factor |
|---|
| AAVE | True | False → True | 50%→100% |
| BAT | True | False → True | 50% → 100% |
| COMP | True | True | 50%→100% |
| DAI | False→True | False→True | 15%→100% |
| ETH | False→True | False→True | 20%→100% |
| LINK | True | False→True | 50%→100% |
| MKR | True | False→True | 50%→100% |
| SUSHI | True | False→True | 50%→100% |
| TUSD | False→True | False→True | 7.5%→100% |
| UNI | True | False→True | 50%→100% |
| USDC | False→True | False→True | 25%→100% |
| USDP | False→True | False→True | 25%→100% |
| USDT | False→True | False→True | 15%→100% |
| WBTC2 | False→True | False→True | 30%→100% |
| YFI | True | False→True | 50%→100% |
| ZRX | True | False→True | 50%→100% |
Motivation
Compound V3 has been in production for nearly three years and now represents the majority of usage and fees across all Compound deployments. Maintaining V2 creates unnecessary operational and security risks for the DAO and users while diverting resources from maintaining and upgrading V3.
For background, discussion, and context, see the forum post thread & Snapshot Vote:
Legal Notice
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