Deprecated contracts still holding value
Compound V3 (Comet)'s assessment for RD-F-166 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Compound V2 formally deprecated via governance vote passed 2025-02-01, executed on-chain 2025-02-04 (99.99% approval; borrows/mints paused; reserve factors 100%). ~$143M TVL in early 2025; April 2026 balance declining but not confirmed. Managed wind-down in progress — not abandoned. Wind-down has been in progress for ~15 months as of the assessment window.
Detail #
Compound V2 (Comptroller + cToken markets on Ethereum) was the primary legacy surface. Governance proposal passed December 2025 to pause all borrows/mints and set reserve factors to 100%, initiating wind-down. DeFiLlama compound-v2 slug showed ~$143M TVL as of early 2025 — well above the F166 $100K threshold for material value. As of April 2026 the wind-down is in progress but not complete. The shared Timelock (0x6d903f6003cca6255D85CcA4D3B5E5146dC33925) controls both V2 and V3, placing V2 TVL within the Compound V3 trust surface. F166 threshold: red = deprecated contracts hold >$100K with no active management; yellow = managed wind-down with governance-administered active mitigation. V2 is structured and actively managed — yellow is correct. Admin-pause (F167) and stale-approval (F168) aspects are handed off to governance-admin-analyst.
Sources #
- URL
- https://etherscan.io/address/0x6d903f6003cca6255d85cca4d3b5e5146dc33925retrieved 2026-05-06
- https://api.llama.fi/protocol/compound-v2retrieved 2026-04-27
- data cache coverage_flags.has_legacy_v1: true; profile §5 shared governance noteretrieved 2026-04-27
Methodology #
Determine whether contracts marked deprecated by a protocol announcement still hold >$100K in assets.
See the full factor methodology and distribution across all protocols →