Proposal summary

WOOF proposes to add tETH into cUSDCv3, cUSDTv3 and cWETHv3 on Arbitrum network. This proposal takes the governance steps recommended and necessary to update a Compound III wstETH market on Arbitrum. 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.

Proposal Actions

The first proposal action adds tETH to the USDC, USDT and WETH comets on Arbitrum. This sends the encoded 'addAsset' and 'deployAndUpgradeTo' calls across the bridge to the governance receiver on Arbitrum.