Proposal summary

This proposal updates existing price feeds for WETH, USDC, and wstETH assets on the AERO market on Base.

SVR summary

RFP process and community vote passed and decided to implement Chainlink's SVR solution for BASE markets, this proposal updates WETH and USDC price feeds to support SVR implementations.

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

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 WETH, USDC, and wstETH price feeds to the SVR implementation. This sends the encoded 'updateAssetPriceFeed' and 'deployAndUpgradeTo' calls across the bridge to the governance receiver on Base.