Users of Compound V2 on Ethereum have until 5 p.m. ET on Nov. 10, 2026, to claim legacy $COMP rewards. After the deadline, unclaimed tokens will return to the Compound treasury, the Compound Foundation said.

The cutoff applies to rewards previously earned on V2, not to lending deposits. To claim their allocation, users must connect the same wallet they used on V2. Instructions direct them to Compound’s rewards page or the Merkl rewards platform; they do not need to move lending or borrowing positions.

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

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The V2 campaign began in September with approximately 40,419 $COMP allocated across 18 Ethereum markets, according to the Foundation’s published migration records. The figure reflects 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 users could also claim V2 rewards through its interface. The service stressed that the deadline applies to V2, launched in 2019 and largely superseded by V3 since 2022.

According to the migration records, legacy V3 rewards on Ethereum, Arbitrum, Optimism, Base, Polygon and Unichain have a separate deadline of March 10, 2027, at 5 p.m. ET.

Source: thedefiant.io. Adapted by NBTC.