Proposal summary

Compound Growth Program [AlphaGrowth] proposes to add osETH 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 osETH.

Further detailed information can be found on the corresponding proposal pull request and forum discussion osETH.

Price feed

Chainlink does not have osETH/ETH price feed on their website, however, Chainlink team ensured us that this address is the native exchange rate price feed

Proposal Actions

The first action adds osETH asset as collateral with corresponding configurations.

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