Proposal summary

WOOF proposes to add USDC and USDT 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.

Proposal Actions

The first action adds USDC asset as collateral with corresponding configurations.

The second action adds USDT asset as collateral with corresponding configurations.

The third action upgrades Comet to a new version.