Compound V2 Users Face Nov. 10 COMP Rewards Deadline

Compound V2 users on Ethereum have until 5 p.m. ET on Nov. 10, 2026, to claim their legacy $COMP rewards before unclaimed tokens return to the Compound treasury, the Compound Foundation said.

The cutoff applies to previously earned V2 rewards, not lending deposits. Users must connect the same wallet they used on V2 to claim their allocation. The migration instructions direct users to Compound’s rewards page or the Merkl rewards platform; moving a lending or borrowing position is not required.

The deadline closes a claim window introduced when Compound moved legacy rewards distribution to Merkl. Previously, users could claim accrued rewards at any time through Compound’s interface or its reward contracts. Under the new terms, Compound’s Treasury Management Committee, acting as distributor administrator, returns unclaimed $COMP to the Treasury Timelock after the window closes. Users do not need to send tokens back themselves.

The V2 campaign opened in September with approximately 40,419 $COMP in allocations covering 18 Ethereum markets, according to the Foundation’s published migration records. That figure represents rewards remaining at the migration snapshot after earlier claims through the legacy contracts, rather than the amount still unclaimed today.

DeFi Saver said on Nov. 10 that V2 rewards were also claimable through its interface. The service emphasized that the deadline concerns V2, which launched in 2019 and has largely been superseded by V3 since 2022.

The migration records give legacy V3 rewards on Ethereum, Arbitrum, Optimism, Base, Polygon and Unichain a separate deadline: March 10, 2027, at 5 p.m. ET.