Compound Labs announced that the Pause Guardian feature of Compound v2 has temporarily disabled USDC supply transactions due to recent volatility of USDC.
However, users can still borrow, repay, and withdraw USDC as usual. Compound v3, which has an upgraded risk engine, is currently operating without any problems.
Due to the volatility of USDC, the Compound v2 Pause Guardian has temporarily disabled USDC supply transactions in Compound v2. Users can still borrow, repay, and withdraw USDC normally.
— Compound Governance (@compgovernance) March 11, 2023
Compound v3 features an upgraded risk engine, and is functioning without any issues.
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