COMP yVault wallet

What is COMP yVault (YVCOMP)?

yvCOMP is a Yearn vault share for COMP, Compound's governance token. Depositing COMP into the vault mints yvCOMP; burning yvCOMP withdraws COMP. The share is an ERC-20 on Ethereum and can be transferred like any other token, which also means that whoever holds it holds the claim on the deposit.

Yearn vault tokens work on a price-per-share model. The number of yvCOMP you hold after depositing never changes on its own; the vault's accounting of how much COMP one share is worth is what moves, and a withdrawal settles at whatever that figure is at the time. So the token quantity in your wallet is not the thing to watch, and a flat balance is the expected picture, not a stuck one.

Two consequences for a holder. First, yvCOMP is not COMP: it carries no Compound voting weight and is not accepted where COMP is expected, so protocol governance requires withdrawing first. Second, vaults get versioned and occasionally retired, so a share token should be checked against the specific vault that issued it rather than treated as a generic COMP substitute.

Since a vault share does nothing that requires your involvement, keeping it does not require an active device. With Tangem the app reads the share balance straight from Ethereum and the card stays inert until you actually sign a withdrawal. Storage that stays quiet while the position does the moving is a good match here.

Supported networks in Tangem (1): Ethereum.