Increase cbETH Supply Cap in cWETHv3
01Summary
Proposal to increase the cbETH supply cap in the cWETHv3 market from 20,000 to 30,000 cbETH, followed by deployment of a new Comet implementation with the updated parameters.
- Type
- parameter change
Key changes
- Increase cbETH supply cap from 20,000 to 30,000 in cWETHv3 market(high)
- Deploy and upgrade to new Comet implementation with updated supply cap parameters(medium)
Notable concerns
- cbETH supply cap has been reached, necessitating this increase to allow further deposits
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 30,000 from the current cap of 20,000.
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 20,000 to 30,000, and (2) deploy and upgrade to a new Comet implementation reflecting the updated configuration. The decoded calldata shows exactly two actions matching this: an updateAssetSupplyCap call setting the cap to 30,000e18 (=30,000 cbETH, matching the stated units) for the correct comet and asset addresses, followed by a deployAndUpgradeTo call on the same Configurator/Comet proxy pair, which is the standard mechanism to apply a configurator change on Compound v3. No value, target, or scope mismatches were found, and no significant on-chain action was omitted from the description. The prior cap value (20,000) cannot be independently verified from calldata alone since it's the current on-chain state being changed from, but this is a reasonable claim about state prior to the proposal. Overall the description accurately and completely reflects the calldata actions.
Generated by Kvorum
04Actions
- Target
- 0x316f…36e3
- Value
- 0 wei
- Function
- updateAssetSupplyCap(address,address,uint128)
- Arguments
{ "0": "0xA17581A9E3356d9A858b789D68B4d866e593aE94", "1": "0xBe9895146f7AF43049ca1c1AE358B0541Ea49704", "2": "30000000000000000000000" }- Calldata
- Target
- 0x1ec6…8779
- Value
- 0 wei
- Function
- deployAndUpgradeTo(address,address)
- Arguments
{ "0": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3", "1": "0xA17581A9E3356d9A858b789D68B4d866e593aE94" }- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
No forum thread is confidently linked to this proposal.
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