Compound USDC
CUSDC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
CUSDC is the legacy Compound v2 interest-bearing receipt token for USDC deposits on Ethereum. Active Development received an insufficient data score of -1.0 as the Compound protocol has transitioned entirely to Compound III (Comet), and its 20% weight was proportionally redistributed across the remaining sections. The underlying Compound architecture remains fundamentally sound with strong marks in Security and Audit History (8.0/10) and Team and Governance (7.5/10), reflecting thorough audits from firms like Trail of Bits and OpenZeppelin, formal verification via Certora, and robust DAO governance. However, the token scores poorly in Community Support (3.5/10), Market and Use Case (3.0/10), and Tokenomics (5.5/10) due to commoditized utility, dwindling user engagement, single-exchange dependency, and low liquidity (market cap under $8M with negligible trading volume). Because cUSDC is a superseded, deprecated legacy asset being phased out in favor of Compound v3 markets, investors should not hold or purchase this token.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Compound USDC (CUSDC)
Compound USD Coin (CUSDC) is a deprecated legacy token representing USDC supplied to the Compound v2 lending protocol on Ethereum, which has been superseded by Compound III (Comet). Deployed as an ERC-20 cToken, CUSDC functions as an interest-bearing receipt asset whose exchange rate increases relative to USDC as interest accrues from borrowers within the Compound v2 market. The parent Compound protocol is governed by COMP token-holders utilizing the on-chain Governor Bravo governance module and a Timelock contract.
The Compound v2 protocol underwent extensive third-party security reviews, including audits by Trail of Bits and OpenZeppelin, formal verification via Certora, and economic stress-testing by Gauntlet, alongside an active bug bounty program on Immunefi. While no catastrophic loss or direct exploit specifically drained the cUSDC market, historical security reviews noted that the broader protocol required patches over time to address vulnerabilities related to oracle integrations, re-entrancy, and empty-pool attack vectors.
Following the launch of Compound III, active protocol development on Compound v2 and the CUSDC token has stopped, with governance proposals and SDK updates focusing entirely on the newer architecture. As a result of this transition, CUSDC has experienced reduced user activity, low market liquidity, negligible daily trading volume, and dependency on limited trading venues as liquidity migrates to newer markets.