Proposal summary

Compound Growth Program [AlphaGrowth] proposes to add ETHx 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.

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

Price feed

Exchange rate price feed of ETHx/ETH was provided by Chainlink team. The address of pricefeed that is used is 0xdd487947c579af433AeeF038Bf1573FdBB68d2d3

Proposal Actions

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

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