Executed

Update Price Feeds on Arbitrum for LSTs


Proposed by

Proposal ID

305

Governor

Compound

Proposed

Aug 13th, 2024

Result details
Final Votes

Quorum

562.29K of 400K

Majority support

Yes

For

562.29K

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0x4Dbd...AB3f

createRetryableTicket(..)

Custom

Account

0x4Dbd...AB3f

Method

createRetryableTicket(..)

Proposal

Proposal summary

WOOF team suggests to update price feeds for LSTs on Arbitrum markets:

-	wstETH on WETH Arbitrum market from market rate to exchange rate
-	weETH on WETH Arbitrum market from market rate to exchange rate
-	wstETH on USDT Arbitrum market from market rate to exchange rate
-	wstETH on USDC Arbitrum market from market rate to exchange rate

Simulations have confirmed the market’s readiness, as much as possible, using the Comet scenario suite. Further detailed information can be found on the corresponding proposal pull request.

Proposal Actions

The proposal contains only 1 action on Mainnet - send message to arbitrum. There are 7 actions on the Arbitrum side: four first ones are update price feeds and three last actions make comet update to new version.

Final Votes

Quorum

562.29K of 400K

Majority support

Yes

For

562.29K

Against

0

Abstain

0

Final Votes
Status

Tue Aug 13, 08:58 am

Published onchain

Sun Aug 18, 07:24 pm

Voting period started

Wed Aug 21, 01:06 pm

Voting period ended

Sat Aug 17, 11:06 pm

Proposal queued

Mon Aug 19, 11:08 pm

Proposal executed