Proposal summary

Compound Growth Program [AlphaGrowth] proposes to update 3 Comet to a new version, which supports up to 24 collaterals. This proposal takes the governance steps recommended and necessary to update a Compound III USDC, USDT and USDS markets on Ethereum. Simulations have confirmed the market’s readiness, as much as possible, using the Comet scenario suite.

Detailed information can be found on the corresponding proposal pull request, and forum discussion.

Proposal Actions

The first action sets the factory for cUSDCv3 to the newly deployed factory.

The second action sets the factory for cUSDSv3 to the newly deployed factory.

The third action sets the factory for cUSDTv3 to the newly deployed factory.

The fourth action sets the extension delegate for cUSDCv3 to the newly deployed contract.

The fifth action sets the extension delegate for cUSDSv3 to the newly deployed contract.

The sixth action sets the extension delegate for cUSDTv3 to the newly deployed contract.

The seventh action deploys and upgrades cUSDCv3 to a new version.

The eighth action deploys and upgrades cUSDSv3 to a new version.

The ninth action deploys and upgrades cUSDTv3 to a new version.