Proposal summary

Compound Growth Program [AlphaGrowth] proposes to update 2 Comets to a new version, which supports up to 24 collaterals. This proposal takes the governance steps recommended and necessary to update a Compound III WETH and wstETH 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 cWETHv3 to the newly deployed factory.

The second action sets the factory for cwstETHv3 to the newly deployed factory.

The third action sets the extension delegate for cWETHv3 to the newly deployed contract.

The fourth action sets the extension delegate for cwstETHv3 to the newly deployed contract.

The fifth action deploys and upgrades cWETHv3 to a new version.

The sixth action deploys and upgrades cwstETHv3 to a new version.