KVORUM
compoundSource: Compound governor bravo · #284

Add wstETH as collateral into cUSDCv3 on Optimism

executedJul 26, 2024, 05:40 AM UTCbyDC0xdc1f…e432

01Summary

AISummary by Kvorumclaude-haiku-4-5

Compound Growth Program proposes to add wstETH as collateral to the cUSDCv3 market on Optimism network. The proposal includes risk parameters based on Gauntlet's recommendations and has been validated through market simulations.

Type
protocol addition

Key changes

  • Add wstETH as collateral asset to cUSDCv3 on Optimism(high)
  • Set risk parameters for wstETH based on Gauntlet recommendations(high)
  • Deploy and upgrade Comet contract on Optimism to support new collateral(high)
Contracts0x25ace71c97b33cc4729cf772ae268934f7ab5fa10xC3a73A70d1577CD5B02da0bA91C0Afc8fA434DAF
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

120 words

Add wstETH as collateral into cUSDCv3 on Optimism

Proposal summary

Compound Growth Program [AlphaGrowth] proposes to add wstETH into cUSDCv3 on Optimism network. This proposal takes the governance steps recommended and necessary to update a Compound III USDC market on Optimism. 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 off of the recommendations from Gauntlet.

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

Proposal Actions

The first proposal action adds wstETH to the USDC Comet on Optimism. This sends the encoded addAsset and deployAndUpgradeTo calls across the bridge to the governance receiver on Optimism.

03Mismatch analysis

AIMismatch analysis by Kvorum

A calldata-vs-description analysis is not generated yet. Review the decoded actions →

04Actions

1 total
#0sendMessage(address,bytes,uint32)chain 0x1
Target
0x25ac…5fa1
Value
0 wei
Function
sendMessage(address,bytes,uint32)
Arguments
{
  "0": "0xC3a73A70d1577CD5B02da0bA91C0Afc8fA434DAF",
  "1": "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",
  "2": "3000000"
}
Calldata

05Tally

Summed from votes

Voters21
VP participating560.6K
Outcome (current)For
Current support100%

06Voters

21 total
Filter:
VoterChoice% of totalRationale
8D0x8d07…a265For55K9.81%—2y ago
B90xb933…8dd1For54K9.63%—2y ago
220x2210…d02eFor52.8K9.41%—2y ago
680x683a…6c02For50.1K8.93%—2y ago
070x0703…961bFor50K8.92%—2y ago
B40xb49f…7948For50K8.92%—2y ago
130x13bd…8548For50K8.92%—2y ago
DC0xdc1f…e432For50K8.92%—2y ago
7B0x7b3c…cc33For50K8.92%—2y ago
TEtennisbowling.eth0xc3aa…f546For47.5K8.47%—2y ago
3F0x3fb1…4c8aFor25.6K4.56%—2y ago
DAdakeshi.eth0xe3c9…6b21For21.3K3.80%—2y ago
B30xb356…c826For3.9K0.70%—2y ago
660x66cd…65f9For481.80.09%—2y ago
720x72c5…7708For120.00%—2y ago
050x0579…ca09For10.00%—2y ago
C50xc5e6…0b0cFor0.40.00%—2y ago
FF0xff6d…cf49For0.30.00%—2y ago
880x88bd…4a3fFor0.20.00%—2y ago
D90xd988…acf4For0.20.00%—2y ago
D80xd8de…ae41For0.10.00%—2y ago
Showing 21

07Forum

AIForum synthesis by Kvorumclaude-haiku-4-5
sentiment · favorablethread · constructive

Arguments for

  • wstETH was originally recommended for inclusion in Compound III on Optimism but was deferred pending oracle implementation resolution, now ready for listing.— Gauntlet
  • Risk parameters have been carefully modeled by Gauntlet with conservative collateral factors (80%) and appropriate liquidation parameters (85% LF, 10% penalty).— Gauntlet
  • Implementation has passed extensive testing including Forge tests, gas profiling, unit tests, contract linting, and scenario simulations.— dmitriywoofsoftware

Arguments against

None surfaced.

Unresolved concerns

  • Slither static analysis fails for both USDT and USDC market implementations, with no explanation or remediation provided.— dmitriywoofsoftware

Notable participants

  • GauntletRisk analyst providing collateral recommendations and risk parameters for wstETH listing.
  • dmitriywoofsoftwareCore contributor implementing the proposals and managing pull requests for both USDT and USDC market updates.
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
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