Executed

Add weETH as collateral into cWETHv3 on Mainnet


ID 264

ID 264

Compound

Compound

Proposed on: Jun 22nd, 2024

Proposed on: Jun 22nd, 2024

Votes

Actions

Type

Address

Details

Custom

0x316f...36E3

addAsset(..)

Custom

Account

0x316f...36E3

Method

addAsset(..)

Custom

0x316f...36E3

setSupplyPerYearInterestRateSlopeHigh(..)

Custom

Account

0x316f...36E3

Method

setSupplyPerYearInterestRateSlopeHigh(..)

Custom

0x316f...36E3

setBorrowPerYearInterestRateSlopeHigh(..)

Custom

Account

0x316f...36E3

Method

setBorrowPerYearInterestRateSlopeHigh(..)

Custom

0x1EC6...8779

deployAndUpgradeTo(..)

Custom

Account

0x1EC6...8779

Method

deployAndUpgradeTo(..)

Proposal

Proposal summary

Compound Growth Program [AlphaGrowth] proposes to add weETH into cWETHv3 on Ethereum network. This proposal takes the governance steps recommended and necessary to update a Compound III WETH market on Ethereum. Simulations have confirmed the market’s readiness, as much as possible, using the Comet scenario suite. The new parameters include setting the risk parameters based on the recommendations from Gauntlet weETH.

Further detailed information can be found on the corresponding [proposal pull request](PR - https://github.com/compound-finance/comet/pull/869) and forum discussion weETH.

Proposal Actions

The first proposal action adds weETH asset as collateral with corresponding configurations.

The second action sets new Annual Supply Interest Rate Slope High to 100%.

The third action sets new Annual Borrow Interest Rate Slope High to 115%.

The fourth action deploys and upgrades Comet to a new version.

Votes
Status