cUSDC vaults
- This stablecoin is likely depegged. The current rate is 39.4915 cUSDC / 1 USD fetched at .
About Compound USDC
cUSDC is the Compound V2 protocol's interest-bearing token representing USDC supplied to the Compound lending pool on Ethereum. It accrues interest automatically as borrowers pay interest on USDC loans. cUSDC was one of the first yield-bearing stablecoin tokens in DeFi.
Stablecoin price 1 cUSDC = $0.03
cUSDC is issued by Compound Finance V2 on Ethereum. When users deposit USDC into Compound V2, they receive cUSDC tokens that automatically appreciate in value as interest accrues. The exchange rate between cUSDC and USDC increases continuously.
Mechanism
- cUSDC represents a share of the USDC lending pool on Compound V2
- Exchange rate increases over time as interest accrues (not rebasing)
- 8 decimal places
- Can be redeemed for underlying USDC at any time
Status
Compound V2 is still live. Note: the Twitter handle is corrected — Compound Finance is @compoundfinance.
Sources
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vaults TVL $0 Avg. return --- Stablecoin-only Updated
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