Proposal summary

Compound Growth Program [AlphaGrowth] proposes to add wstETH into cUSDCv3 on Ethereum network. This proposal takes the governance steps recommended and necessary to update a Compound III USDC 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 off of the recommendations from Gauntlet.

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

Proposal Actions

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

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