Increase cbETH Supply Cap in cWETHv3
01Summary
Proposal to increase the cbETH supply cap in the cWETHv3 market from 7,100 to 20,000, addressing the current cap constraint. This involves updating the supply cap configuration and deploying a new Comet implementation with the updated parameters.
- Type
- parameter change
Key changes
- Increase cbETH supply cap from 7,100 to 20,000 in cWETHv3 market(high)
- Deploy and upgrade to new Comet implementation with updated supply cap parameters(high)
Generated by Kvorum
02Description
Increase cbETH Supply Cap in cWETHv3
Explanation
The cWETHv3 market is currently limited by the cbETH supply cap, which has been reached.
The associated forum post for this proposal can be found here.
Proposal
The proposal itself is to be made from this pull request.
The first action of the proposal sets the configurator supply cap for cbETH to 20,000 from the current cap of 7,100.
The second action deploys and upgrades to a new implementation of Comet, using the newly configured parameters.
03Mismatch analysis
The description states two actions: (1) raise the cbETH supply cap in cWETHv3 from 7,100 to 20,000, and (2) deploy and upgrade Comet to apply the new configuration. The decoded calldata mirrors this exactly: action 0 calls updateAssetSupplyCap on the known Compound Configurator contract, targeting the cWETHv3 Comet proxy and the cbETH token address, setting the cap to 20000e18 (cbETH has 18 decimals), which equals 20,000 cbETH — matching the prose's stated new cap. Action 1 calls deployAndUpgradeTo on the Comet Proxy Admin with the Configurator and Comet proxy addresses, which is the standard mechanism for deploying a new Comet implementation and upgrading the proxy, matching the description's second action. Target addresses correspond to well-known Compound V3 mainnet contracts (Configurator, cWETHv3 Comet proxy, Proxy Admin), and no additional or missing actions are present. No value, target, or magnitude mismatches were found. Overall the description accurately and completely reflects the on-chain actions.
Generated by Kvorum
04Actions
- Target
- 0x316f…36e3
- Value
- 0 wei
- Function
- updateAssetSupplyCap(address,address,uint128)
- Arguments
{ "0": "0xA17581A9E3356d9A858b789D68B4d866e593aE94", "1": "0xBe9895146f7AF43049ca1c1AE358B0541Ea49704", "2": "20000000000000000000000" }- Calldata
- Target
- 0x1ec6…8779
- Value
- 0 wei
- Function
- deployAndUpgradeTo(address,address)
- Arguments
{ "0": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3", "1": "0xA17581A9E3356d9A858b789D68B4d866e593aE94" }- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| EA0xea6c…3bf7 | For | 306.3K | 0.00% | — | 4y ago |
| 810x8169…9806 | For | 101K | 0.00% | — | 4y ago |
| 8D0x8d07…a265 | For | 70K | 0.00% | — | 4y ago |
| 7A0x7ae1…e585 | For | 50K | 0.00% | — | 4y ago |
| 470x47c1…4770 | For | 50K | 0.00% | — | 4y ago |
| B40xb49f…7948 | For | 50K | 0.00% | — | 4y ago |
| 070x0703…961b | For | 50K | 0.00% | — | 4y ago |
| 130x13bd…8548 | For | 50K | 0.00% | — | 4y ago |
| DC0xdc1f…e432 | For | 50K | 0.00% | — | 4y ago |
| B70xb777…e1a5 | For | 50K | 0.00% | — | 4y ago |
| 2B0x2b38…bf33 | For | 32.5K | 0.00% | — | 4y ago |
| DAdakeshi.eth0xe3c9…6b21 | For | 21.3K | 0.00% | — | 4y ago |
| 0A0x0a09…b92e | For | 15K | 0.00% | — | 4y ago |
| 9D0x9d77…c650 | For | 310.1 | 0.00% | — | 4y ago |
| D30xd305…6056 | For | 1.5 | 0.00% | — | 4y ago |
| 920x92a2…b5c8 | For | 1 | 0.00% | — | 4y ago |
| CB0xcbe7…fe98 | For | 0.7 | 0.00% | — | 4y ago |
| 010x0155…6639 | For | 0.7 | 0.00% | — | 4y ago |
| 8B0x8bc8…7276 | For | 0.6 | 0.00% | — | 4y ago |
| E40xe459…e666 | Against | 0.5 | 0.00% | — | 4y ago |
| C00xc04a…9a11 | For | 0.5 | 0.00% | — | 4y ago |
| 130x1320…f75f | For | 0.4 | 0.00% | — | 4y ago |
| 980x98a7…def8 | For | 0.3 | 0.00% | — | 4y ago |
| 4C0x4cb7…7cd5 | For | 0.3 | 0.00% | — | 4y ago |
| 740x7478…7446 | For | 0.3 | 0.00% | — | 4y ago |
| 170x178c…4a4b | For | 0.3 | 0.00% | — | 4y ago |
| 7E0x7ea9…dfe7 | For | 0.3 | 0.00% | — | 4y ago |
| 530x5321…38fb | For | 0.2 | 0.00% | — | 4y ago |
| 1D0x1d55…b651 | For | 0.2 | 0.00% | — | 4y ago |
| 6C0x6ca3…67a9 | For | 0.2 | 0.00% | — | 4y ago |
| AD0xadf6…6476 | For | 0.2 | 0.00% | — | 4y ago |
| 6C0x6c68…080c | For | 0.2 | 0.00% | — | 4y ago |
| 330x33a3…e772 | For | 0.2 | 0.00% | — | 4y ago |
| 320x3274…ca96 | For | 0.2 | 0.00% | — | 4y ago |
| 710x71cf…4f07 | For | 0.1 | 0.00% | — | 4y ago |
| 1D0x1d06…267c | For | 0.1 | 0.00% | — | 4y ago |
| 040x0458…a597 | For | 0.1 | 0.00% | — | 4y ago |
| 6B0x6bd0…7dd4 | For | 0.1 | 0.00% | — | 4y ago |
| 5F0x5f8d…1f86 | For | 0.1 | 0.00% | — | 4y ago |
| 060x06c4…66a2 | For | 0.1 | 0.00% | — | 4y ago |
| 1D0x1da3…99b6 | For | 0.1 | 0.00% | — | 4y ago |
| 840x8448…e239 | For | 0.1 | 0.00% | — | 4y ago |
| 060x06f3…234f | For | 0.1 | 0.00% | — | 4y ago |
| 900x907c…2648 | For | 0.1 | 0.00% | — | 4y ago |
| B50xb5fd…50e5 | For | 0.1 | 0.00% | — | 4y ago |
| C20xc2a6…7c45 | For | 0.1 | 0.00% | — | 4y ago |
| A20xa297…da21 | For | 0.1 | 0.00% | — | 4y ago |
| 160x16c4…d71f | For | 0.1 | 0.00% | — | 4y ago |
| DC0xdc9c…b1ef | For | 0.1 | 0.00% | — | 4y ago |
| D80xd828…d0b1 | For | 0.1 | 0.00% | — | 4y ago |
07Forum
No forum thread is confidently linked to this proposal.
08Similar proposals
- compoundexecutedIncrease cbETH Supply Cap in cWETHv399%
- compoundexecutedIncrease WETH Supply Cap in cUSDCv392%
- compounddefeatedIncrease Compound III Supply Caps81%
- compoundexecutedEthereum Supply cap Reduction Across Non-USD Based Comets80%
- compoundcanceledEthereum Supply cap Reduction Across Comets80%
- compoundexecutedIncrease Compound III Supply Caps78%
- compoundexecutedEthereum Supply cap Reduction Across USD Based Comets77%
- compoundexecutedSupply Cap Reduction Across L2 Comets (Part 2)76%
- compoundexecutedSupply Cap Reduction Across L2 Comets75%
- compoundexecutedSupply cap Recommendations for rsETH on USDC,wstETH, and WETH Comets on Mainnet73%