Compound V1 Review: Is It Still Usable in 2026?
Compound is a crypto lending protocol, but its current site does not confirm that its markets are Compound V1. Treat V1 access and safety details as unverified before connecting a wallet.
By the SkyBitcoins review team · Updated
At a glance
Compound V1 key facts
| Type | Crypto lending protocol |
|---|---|
| Chain | Ethereum |
| Token | COMP |
| V1 status | Listed as active; current site does not confirm V1 |
| Value locked | $2.93M−1.2% 7d |
| Audits | 2 audits listed |
| Updated |
Compound V1 FAQs
What is Compound V1?
Compound is described as a lending protocol where users supply assets to earn interest or borrow against collateral. Its current site links to Compound II, but does not confirm that those markets are Compound V1.
Which blockchain and token does Compound V1 use?
The project is listed on Ethereum and COMP is its associated token. The current site does not specify which assets or app interfaces, if any, are available specifically for V1.
Can you still use Compound V1 safely?
The current site describes rates as market-driven and says borrowing is backed by excess collateral. It does not publish V1-specific fees, contract status, or instructions for using V1, so confirm those details before depositing.
Compare
Compound V1 alternatives
Aave offers open crypto lending and borrowing, but variable rates, gas costs and liquidation risk make it best for informed DeFi users.
Aave V3 offers non-custodial lending and collateralised borrowing, but rates vary and deposits remain exposed to DeFi and liquidation risks.
Compound V3 offers variable-rate crypto lending across several networks, but market terms and liquidation risks require close checking.
Aave V4 offers non-custodial lending and collateralized borrowing, but rates vary and smart-contract, market and liquidation risks remain.
Euler V2 offers configurable lending markets across many chains, but check each vault’s rates, liquidity and liquidation rules before depositing.
Morpho Blue offers non-custodial lending markets and curated vaults, but rates change and supplied assets face smart-contract, oracle and market risks.
Same category
More Lending dApps
SparkLend offers governance-set on-chain borrowing rates, but check each market’s live terms and liquidation risks before supplying collateral.
Morpho offers variable-rate and fixed-term lending plus curated vaults, but check each product’s fees, terms and risks before depositing.
Euler offers flexible crypto lending and market-building tools, but check each market’s fees, collateral rules and risks before depositing.
Nolus offers fixed-rate, asset-backed spot margin, but check live borrowing costs and liquidation terms before using leverage.
Dolomite offers multi-network lending, borrowing, swaps and strategies, but variable rates, liquidation and contract risks call for care.
NAVI offers variable-rate lending and collateralized borrowing on Sui, but users must weigh liquidation, smart-contract and liquidity risks.
Same chain
More on Ethereum
Lido turns staked ETH into liquid stETH, but variable rewards, a 10% reward fee and withdrawal and contract risks need checking.
Bitvavo offers euro funding, 400+ crypto assets and Pro Mode, but check withdrawal terms and the separate risks of staking and leverage.
GetBlock suits teams needing multi-chain RPC and data services, but check usage billing, coverage and SLA terms before relying on it in production.
Uniswap offers wallet-based swaps and liquidity pools across 15+ networks, but pool fees, gas and self-custody risks still matter.
Arbitrum Bridge is a direct way to move supported assets between Ethereum and Arbitrum One, but Ethereum withdrawals typically take around seven days.
Uniswap V2 enables wallet-based swaps and liquidity provision, but check the pool, network, gas and token risks before you trade.
How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.