Last week, v2 of the Compound protocol was successfully launched; users have begun repaying their borrowed assets and withdrawing assets from the legacy protocol.

Over the next few weeks, we will begin to sunset the legacy protocol. For planning purposes, the tentative schedule of how we will manage the transition is as follows:

On or around the week of June 3rd, new Borrow transactions will be disabled in the v1 protocol; Repay transactions will continue to function normally

On or around the week of June 3rd, the legacy web interface will have Supply and Borrowing functionality removed; Supply transactions will still be operational in the v1 protocol, and community-developed interfaces

Supply, Withdraw, Repay, and Liquidation transactions will work in perpetuity

As Compound develops new price feeds, the v1 protocol may be upgraded to use the new price feeds

If you have any questions, ideas, or issues, join us in Discord — we’d love to hear from you.

From all of us at Compound, 📈.