Compound V2: withdraw old deposits and check debt

Contract reads and redemption simulations were recorded on 2026-11-01. The V2 app and its withdrawal code still load. The connected-wallet screens, including DSProxy handling, need a final browser walkthrough.

What happened to Compound V2?

The catalog’s 2026-11-01 verification found new deposits and borrows paused in its 20 Ethereum V2 markets, with COMP distribution stopped. That does not erase existing deposits or borrowing obligations. The catalog successfully simulated cETH and cUSDC redemptions for public test data.

Compound’s V2 cToken documentation explains redemption: you exchange cTokens for the underlying asset. Redemption can fail when it leaves too little collateral or when the market lacks enough cash. The guide concerns V2, not Compound III.

Who is affected?

The scanner reads the 20 cataloged markets of Comptroller 0x3d9819210A31b4961b30EF54bE2aeD79B9c9Cd3B. It checks your wallet and the current, still-owned DSProxy found through Maker’s registry.

Read the result carefully:

• Found: supplied assets. These are gross amounts, not a guarantee that all can be withdrawn now. Notes explain debts or insufficient market cash.
• Fake: collateral blocked in an account whose debt exceeds the allowed collateral value. The deposit exists, but showing it as freely recoverable would be misleading. A separate deposit not used as collateral can still be shown as found.
• Lost: accrued COMP that the controller cannot currently pay. The recorded balance was only 0.0000475 COMP on 2026-11-01. This reward shortfall is separate from your supplied assets.

A DSProxy’s loose tokens are also separate from supplied cTokens. Read the DSProxy withdrawal guide and, if you used a DSA, the Instadapp account guide. The DSA balance check does not inspect every position deposited into a lending protocol.

How to get it out

1. Open Compound’s official V2 app. Confirm it is V2 on Ethereum, and use the wallet that supplied the assets.
2. If the finding belongs to a DSProxy, use DeFi Saver to inspect that proxy’s Compound position. Connecting the owner to a direct-account app does not necessarily make the app act through the proxy.
3. Read both supply and borrow balances. If redeeming collateral would breach the account’s limit, debt must be reduced or collateral support changed first. Do not repay an old debt simply because a portfolio tracker suggests a free balance: compare the whole position.
4. Select the supplied asset and its withdrawal option. Review the available cash and try an amount within both the account’s collateral limit and the market’s cash balance.
5. Confirm the asset, recipient and Ethereum fee in your trusted wallet. If you copy a recipient, copy from your wallet, never transaction history. Compare the full address to avoid address poisoning. Review the result after confirmation before trying another market.

The exact connected screen still needs browser verification. A contract simulation from public test data does not guarantee your account’s redemption will succeed.

What it costs

The catalog measured 302,334 gas for redemption with two entered collateral markets and 530,546 with seven on 2026-11-01. It estimates each redemption from the number of markets entered. Debt repayment, approvals and proxy actions can add transactions. The COMP claim estimate is separate: 1,895,370 gas was measured that day for a claim walking all 20 markets.

Deadline and risks

There is no withdrawal deadline reported by this check. Debt, liquidation exposure and market cash still matter. DAI had 11.8% and USDC 39.8% cash relative to supplies in the 2026-11-01 verification. These are dated observations, not today’s withdrawal limits. Borrower repayments can change available cash; no waiting period guarantees liquidity will return.

How to check old Compound balances

Scan your address to read supported supplies, debt conditions, market cash and COMP backing. No wallet connection. No signatures. The report preserves incomplete reads instead of treating them as an empty position. It does not calculate a guaranteed net recovery after debt repayment.

FAQ

Can I withdraw from Compound V2 after new deposits were paused?

Pausing new deposits does not itself block redemption. Your withdrawal still depends on collateral rules, market cash and the current contract state.

Why does my tracker show a balance I cannot withdraw?

A supplied balance may secure debt. If withdrawing it would leave insufficient collateral, the controller blocks redemption. The scanner distinguishes blocked collateral from loose tokens.

Can I recover unpaid COMP rewards?

Only while the controller can fund the claim. On 2026-11-01 it held 0.0000475 COMP, so unpaid rewards exceeding the available balance were marked lost rather than counted as recoverable.

How much does a Compound withdrawal cost?

It needs Ethereum gas. Recorded redemptions used 302,334 gas with two entered markets and 530,546 with seven on 2026-11-01. Repayment or approval transactions cost extra.

Does this check include Instadapp positions?

The Compound check reads the wallet and its registered, still-owned DSProxy. It does not inspect Compound positions inside an Instadapp DSA. The separate DSA check covers loose ETH and listed tokens held by that account.

Verified on

2026-11-01. Official V2 app HTML and JavaScript, official cToken documentation, catalog contract reads, public test fixtures, redemption simulations and gas measurements. Wallet UI steps and proxy routing remain pending a browser review.