Add ezETH as collateral into cWETHv3 on Base
01Summary
Compound Growth Program proposes to add ezETH as collateral into the cWETHv3 market on Base network. The proposal includes governance actions to execute addAsset and deployAndUpgradeTo calls with risk parameters based on Gauntlet recommendations. Simulations have confirmed market readiness.
- Type
- protocol addition
Key changes
- Add ezETH as collateral asset into cWETHv3 market on Base network(high)
- Set risk parameters for ezETH based on Gauntlet recommendations(high)
- Execute addAsset and deployAndUpgradeTo governance actions via cross-chain bridge messaging(medium)
Notable concerns
- Cross-chain bridge transaction involved
- Risk parameters set based on external recommendations from Gauntlet that should be independently verified
Generated by Kvorum
02Description
Add ezETH as collateral into cWETHv3 on Base
Proposal summary
Compound Growth Program [AlphaGrowth] proposes to add ezETH into cWETHv3 on Base network. This proposal takes the governance steps recommended and necessary to update a Compound III WETH market on Base. 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 ezETH to the WETH Comet on Base. This sends the encoded addAsset and deployAndUpgradeTo calls across the bridge to the governance receiver on Base.
03Mismatch analysis
The proposal describes a single governance action: bridging an addAsset call (to list ezETH as collateral in the Base WETH Comet) plus a deployAndUpgradeTo call to the Base governance receiver via the L1->L2 messenger, with risk parameters based on Gauntlet's published recommendations. The single decoded action is exactly a sendMessage call to a bridge contract targeting the described governance receiver address on Base, and the embedded calldata contains both an addAsset(...) call (with an asset address, price feed, and packed uint64/uint128 risk parameters) and a deployAndUpgradeTo(configurator, comet) call — matching the structure described. The description does not enumerate the exact numeric risk parameters (deferring instead to the linked Gauntlet forum post), so those encoded uint values cannot be checked against specific prose claims, but this is a reasonable summarization rather than an omission of a materially different action. No target mismatches, extra actions, or omitted major steps were found. Confidence is medium rather than high because the exact numeric risk parameters (collateral factors, supply cap) are opaque in the calldata and not independently verified against Gauntlet's specific recommended values, but the overall structure and intent align well with the description.
Generated by Kvorum
04Actions
- Target
- 0x866e…0afa
- Value
- 0 wei
- Function
- sendMessage(address,bytes,uint32)
- Arguments
{ "0": "0x18281dfC4d00905DA1aaA6731414EABa843c468A", "1": "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", "2": "3000000" }- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
- [Gauntlet] wstETH and ezETH Asset Listing ↗discourse · high confidence
Arguments for
- wstETH is a popular and dominant collateral asset on leading lending protocols that will increase borrowing opportunities for holders and improve capital efficiency.— Gauntlet, sharp
- The Compound Growth Program will provide developer resources and expedite deployment of these assets across multiple markets.— sharp
- Prior coding work by the Lido team for wstETH on multiple markets has been completed and was previously blocked only by exchange rate oracle implementation, which Gauntlet's refreshed parameters now help resolve.— sharp
- Gauntlet has provided rigorous risk analysis with detailed liquidity profiles and conservative parameters tailored to each market, supporting safe listing.— Gauntlet
- All technical testing including Forge tests, gas profiling, scenario simulations, and contract linting have passed successfully across all proposed deployments.— dmitriywoofsoftware
Arguments against
None surfaced.
Unresolved concerns
- Slither security analysis fails on all pull requests for asset listings, though other tests pass; the significance and implications of these failures are not discussed.— dmitriywoofsoftware
- Limited DEX liquidity on Optimism ($3.61M TVL with ~$1M available for swapping) may constrain capital efficiency for ezETH listings on that chain.— Gauntlet
Notable participants
- GauntletRisk analysis provider who issued detailed parameter recommendations for wstETH and ezETH across multiple chains and markets.
- sharpCompound Growth Program representative who championed the proposal, confirmed Lido's completed coding work, and committed developer resources for expedited deployment.
- dmitriywoofsoftwareTechnical lead who prepared and submitted pull requests for all asset listing implementations with comprehensive testing documentation.
- kenx3495Community member who expressed support for the listing and Gauntlet's refreshed parameters.
Generated by Kvorum
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