Compound v3 USDT DeFi Yield & Risk Rating
Lenders earn yield from interest paid by borrowers. Borrowers deposit collateral into the Compound v3 protocol, and then borrow overcollateralized loans from a pool of lenders. The interest paid by borrowers is distributed to lenders.
AUM
$176m
Net APY
3.09%
Active Users
948
Type
Lending
Network
Ethereum
BB
Elevated RiskCeiling A-
AAAAAABBBBBBCCCCCCD
CurrentPotential
This rating is based solely on publicly available information. DeFi protocol risk assessed across Security, Strategy and Operations on the AAA–D scale. The range from BB to A- reflects the gap between the current assessment and the potential rating achievable if all identified improvement areas are addressed.
SCSSmart Contract Security88
KMPKey Management Permissions91
MMarket67
LLiquidity85
CCollateral100
PMProtocol Mechanics85
ICEInfra Counterparty Exposures89
PCEProtocol Counterparty Exposures100
GGovernance78
FRFinancial Resilience73
TLCTeam Legal Compliance91
DTDocumentation Transparency89
Performance
Assets Under Management · 30D▼ 5.65%
$176m
Over the last 30 days, the total value of Compound v3 USDT has dropped 5.65% with $10.55M in outflows.
Supply APY · 30D▼ 2.52%
3.09%
Over the last 30 days, the APY has decreased from 3.17% to 3.09%.
Active Users · 30D▼ 2.67%
948
Over the last 30 days, active users have decreased by 2.67%, reaching 948 wallets.
Market Details
ChainEthereum
Treasury$6.60M
Code AuditsOpenZeppelin ↗ChainSecurity ↗Certora ↗
Oracles UsedChainlink USDT/USD ↗Chainlink WBTC/BTC + BTC/USD ↗Chainlink ETH/USD ↗Chainlink stETH/ETH + ETH/USD ↗
Stated Withdrawal TimeInstant
Component Ratings
Contract Addresses (7)
Key Strengths
S1Multiple pre-deployment audits from top firms alongside an ongoing OpenZeppelin security partnership, with no exploits affecting user funds in v3.
S2Fully on-chain governance through Governor Bravo, where every parameter change and upgrade clears a quorum, a majority vote, and a Timelock delay before execution.
S3An active seven-figure Immunefi bug bounty covering the protocol's contracts, with tiered rewards for critical vulnerabilities.
S4Battle-tested liquidation mechanics: the protocol cleared thousands of liquidations with zero bad debt through a severe market drawdown.
Key Risks
R1Monitoring detects anomalies but cannot act on them: pausing requires manual multisig execution, and no automatic on-chain circuit breakers exist.
R2Pricing depends on a single oracle provider with no validation or fallback mechanism, a gap also flagged in the ChainSecurity audit.
R3Governance voting power is concentrated among a small number of delegates, and a contested proposal passed over community opposition before being cancelled through negotiation.
R4The DAO treasury is small relative to protocol TVL and heavily concentrated in a volatile asset with minimal stablecoin diversification, against a backdrop of structural TVL and revenue decline.
Institutional-Grade Research
Delivered to Your Inbox
In-Depth Research ReportsIn-depth analysis on staking protocols and yield strategies
Risk Assessment ReportsComprehensive risk evaluations for capital allocators
Exclusive Events & Market IntelligenceEarly access to Digital Asset Yield Summit, and more
Join 12,000 institutional allocators worldwide. No spam, unsubscribe anytime.
