Compound v3 (Ethereum)

compound_v3_ethereum · onchain_pooled · operated by Compound DAO

8 of 8 criteria researched.

Price

What does credit cost here, and how is the price formed?

Rate formation	algorithmic_utilisation source Compound v3 Comet getBorrowRate(utilisation) — a kinked function of utilisation with separate slopes either side: algorithmic_utilisation per v1 §8.2.
Term structure	open_ended source Compound v3 Comet — withdraw()/supply() against the base asset carry no maturity.
Rate certainty	variable source Compound v3 Comet — getBorrowRate(utilisation) is evaluated per second against the current utilisation; nothing is fixed at origination.

Quality

What stands behind a position, and what can change under the reader?

Oracle dependency	multiple source Compound v3 Configurator 0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3 — each Comet is configured with one price feed per collateral asset (AssetConfig.priceFeed) plus a feed for its base token; governance updates them per market. Five Comets are in scope on this chain, each with its own set.
Default & liquidation	threshold source Compound v3 Comet — absorb() is permitted once an account is underwater against the per-asset liquidateCollateralFactor. Distinctively, the protocol takes the collateral onto its own balance sheet and then offers it at a discount via buyCollateral(), rather than paying a liquidator to repay the debt in one step.
Custody & backing	protocol_custodial source Compound v3 Comet — supply() transfers assets to the Comet contract, which holds both base and collateral balances directly.
Recourse	non_recourse source Compound v3 Comet — liability is bounded by the collateral absorbed. A shortfall after absorb() is carried by the protocol's reserves, not pursued against the borrower.

Composition

Who and what makes up this market?

Collateral accepted	BTC collateral across 5 Comets (USDC, WETH, USDT, USDS, WBTC base): WBTC, cbBTC, tBTC, plus LBTC and pumpBTC in the WBTC-base Comet source credit_venues.markets->btc_collateral, resolved per Comet from the Configurator's AssetConfig, with each asset's borrow_collateral_factor recorded alongside. Comet is single-borrowable-asset per market, so unlike Aave the collateral backing a borrow is unambiguous — but the borrow is denominated in that Comet's base asset, not in BTC.
Observability	price: full quantity: full composition: full

Collateral accepted

BTC collateral across 5 Comets (USDC, WETH, USDT, USDS, WBTC base): WBTC, cbBTC, tBTC, plus LBTC and pumpBTC in the WBTC-base Comet

source

credit_venues.markets->btc_collateral, resolved per Comet from the Configurator's AssetConfig, with each asset's borrow_collateral_factor recorded alongside. Comet is single-borrowable-asset per market, so unlike Aave the collateral backing a borrow is unambiguous — but the borrow is denominated in that Comet's base asset, not in BTC.

Observability

price: full

quantity: full

composition: full

There is no score on this page and none will be added. The criteria are published and versioned before any venue is measured against them, and this venue's row is produced by the same pipeline as every other.