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Compound vs Moonwell

How Compound vs Moonwell compare on our ratings, lending protocol specs, funding, pros and cons.

Compound4.0/5
VS
Moonwell3.0/5
Feature
CompoundVisit
MoonwellVisit
Ratings
Our score4.0/53.0/5
User ratingNo reviews yetNo reviews yet
Security & track record4.51.5
Rates4.03.5
Market depth3.53.5
Ease of use4.04.0
Decentralization4.03.5
Specs
KYC required No No
Lending modelIsolated marketsPooled
ChainsEthereum, Arbitrum, BaseBase, Optimism, Ethereum
Main collateral assetsETH, WBTC, USDC, USDTETH, USDC, USDT, cbBTC
Flash loans NoNot disclosed
Permissionless markets NoNot disclosed
Audited Yes Yes
Bug bounty Yes Yes
Governance tokenCOMPWELL
Isolated markets Yes Yes
Real-world-asset collateral NoNot disclosed
Own stablecoin No No
RatesVariableVariable
Company
Founded20172022
Headquarters—Finland
InvestorsDragonfly, Polychain Capital, a16z cryptoArrington Capital, Hypersphere, C Squared, Charterhouse Strategic Partners +10
Strengths and weaknesses
Pros
  • Audited by OpenZeppelin and ChainSecurity with a $1M bug bounty
  • Processed $480B in all-time deposits and borrows since 2018
  • No KYC required to supply or borrow on standard markets
  • Active on Ethereum, Base, and Arbitrum
  • No KYC checks or account registration required to lend or borrow
  • Smart contracts audited by firms including Halborn and Code4rena
  • Integration with Morpho for automated onchain yield vaults
Cons
  • Lacks an umbrella safety module to cover protocol-wide bad debt
  • Borrow rates vary with base-asset pool utilization
  • Does not support permissionless market creation by users
  • Borrowing is restricted to only one designated base asset per pool
  • Suffered an $8.7M oracle manipulation exploit on Base in August 2026
  • cbETH oracle misconfiguration in February 2026 triggered $1.78M in bad debt
  • Core market borrowing on Base was halted following security incidents
Best forUSDC and WETH borrowers, Suppliers avoiding rehypothecation risk, Users seeking yield on supported EVM networksDeFi lenders on Base and Optimism, Borrowers supplying ETH or stablecoin collateral, Yield aggregators integrating Morpho vaults

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.