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Compound vs mStable

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

Compound4.0/5
VS
mStable3.2/5
Feature
CompoundVisit
mStableVisit
Ratings
Our score4.0/53.2/5
User ratingNo reviews yetNo reviews yet
Security & track record4.53.0
Rates4.04.0
Market depth3.52.5
Ease of use4.03.5
Decentralization4.03.0
Specs
KYC required No No
Lending modelIsolated marketsPooled
ChainsEthereum, Arbitrum, BaseEthereum
Main collateral assetsETH, WBTC, USDC, USDTsUSDe, USDe, mAPOLLO
Flash loans NoNot disclosed
Permissionless markets No No
Audited Yes Yes
Bug bounty YesNot disclosed
Governance tokenCOMPMTA
Isolated markets Yes No
Real-world-asset collateral No Yes
Own stablecoin No No
RatesVariableVariable
Company
Founded2017—
Headquarters——
InvestorsDragonfly, Polychain Capital, a16z cryptoNot disclosed
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
  • Audited by Sherlock, iosiro, and Trust Security
  • Automates complex multi-protocol yield loops without manual rollovers
  • Requires no KYC or account registration to deposit
  • Rapidly cut exposure during the June 2026 apxUSD depeg incident
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
  • Restricted solely to Ethereum mainnet with no layer-2 support
  • Exposure to cascading smart contract risks across Ethena, Aave, and Pendle
  • Vulnerable to synthetic dollar and stablecoin depeg events
  • Total value locked is modest at about $4.8M in October 2026
Best forUSDC and WETH borrowers, Suppliers avoiding rehypothecation risk, Users seeking yield on supported EVM networksPassive stablecoin yield earners, Ethereum mainnet DeFi users, Investors seeking hands-off Pendle PT compounding

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.