Proposals

Proposals

/

Proposal

Executed

Supply cap Recommendations for rsETH on USDC,wstETH, and WETH Comets on Mainnet

Proposed by

User profile image

Gauntlet

Gauntlet

Proposal ID

568

Governor

Compound Governor

Proposed

Result details
Final Votes

Quorum

717.47K of 400K

Majority support

Yes

For

717.47K

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

Configurator

0x316f...36E3

updateAssetSupplyCap(..)

Custom

Account

Configurator

0x316f...36E3

Method

updateAssetSupplyCap(..)

Custom

CometProxyAdmin

0x1EC6...8779

deployAndUpgradeTo(..)

Custom

Account

CometProxyAdmin

0x1EC6...8779

Method

deployAndUpgradeTo(..)

Custom

Configurator

0x316f...36E3

updateAssetSupplyCap(..)

Custom

Account

Configurator

0x316f...36E3

Method

updateAssetSupplyCap(..)

Custom

CometProxyAdmin

0x1EC6...8779

deployAndUpgradeTo(..)

Custom

Account

CometProxyAdmin

0x1EC6...8779

Method

deployAndUpgradeTo(..)

Proposal

Summary

Due to the recent rsETH exploit that occurred on 18th April. We recommend setting the supply caps to 0 for rsETH on all Compound V3 Comets. This proposal is for Mainnet. There will be a separate proposal for L2 networks . Any new Borrows on affected comets will be resumed once these caps are set to 0. Request the delegates to get their votes in sooner so that the proposal is not extended

Supply Cap Recommendations

CometAssetProposed Supply Caps
Ethereum USDCrsETH0
Ethereum WETHrsETH0
Ethereum wstETHrsETH0

Motivation

More details and forum discussions can be found in the following posts.

Final Votes

Quorum

717.47K of 400K

Majority support

Yes

For

717.47K

Against

0

Abstain

0

Final Votes
Status

Published onchain

User profile image

Gauntlet

Voting period started

Voting period ended

Proposal queued

Proposal executed