Proposal summary

This proposal updates existing price feeds for wstETH, sFRAX, weETH, WBTC, WETH, mETH, COMP, and LINK on the USDT market on Mainnet.

SVR summery

RFP process and community vote passed and decided to implement Chainlink's SVR solution for Mainnet markets, this proposal updates wstETH, WBTC, WETH, LINK, weETH, mETH, COMP price feeds to support SVR implementations.

CAPO summery

CAPO is a price oracle adapter designed to support assets that grow gradually relative to a base asset - such as liquid staking tokens that accumulate yield over time. It provides a mechanism to track this expected growth while protecting downstream protocol from sudden or manipulated price spikes. wstETH, sFRAX, weETH, mETH price feeds are updated to their CAPO implementations.

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

CAPO audit

CAPO has been audited by OpenZeppelin, as well as the LST / LRT implementation here.

SVR fee recipient

SVR generates revenue from liquidators and Compound DAO will receive that revenue as part of the protocol fee. The fee recipient for SVR is set to Compound DAO multisig: 0xd9496F2A3fd2a97d8A4531D92742F3C8F53183cB.

Proposal actions

The first action updates wstETH price feed. The second action updates sFRAX price feed. The third action updates WBTC price feed. The fourth action updates WETH price feed. The fifth action updates LINK price feed. The sixth action updates weETH price feed. The seventh action updates mETH price feed. The eighth action updates COMP price feed. The ninth action deploys and upgrades Comet to a new version.