Add USDT and USDC as collateral into cWETHv3 on Arbitrum
01Summary
Proposal to add USDT and USDC as collateral assets to the cWETHv3 market on Arbitrum network. Risk parameters are based on Gauntlet recommendations, and market readiness has been validated through simulations using Compound's scenario suite.
- Type
- protocol addition
Key changes
- Add USDT (0xfd086bc7cd5c481dcc9c85ebe478a1c0b69fcbb9) as collateral to cWETHv3 on Arbitrum with specified risk parameters(high)
- Add USDC (0xaf88d065e77c8cc2239327c5edb3a432268e5831) as collateral to cWETHv3 on Arbitrum with specified risk parameters(high)
- Deploy and upgrade cWETHv3 implementation on Arbitrum to support new collateral assets(high)
Generated by Kvorum
02Description
Add USDT and USDC as collateral into cWETHv3 on Arbitrum
Proposal summary
Compound Growth Program [AlphaGrowth] proposes to add USDT and USDC into cWETHv3 on Arbitrum network. This proposal takes the governance steps recommended and necessary to update a Compound III WETH market on Arbitrum. 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 USDT and USDC to the WETH Comet on Arbitrum. This sends the encoded addAsset two times and deployAndUpgradeTo calls across the bridge to the governance receiver on Arbitrum.
03Mismatch analysis
The proposal describes adding USDT and USDC as collateral to the Arbitrum cWETHv3 market via bridged addAsset calls plus a deployAndUpgradeTo call, executed through the standard Compound cross-chain governance pattern (L1 createRetryableTicket to the Arbitrum Inbox targeting the governance receiver). Decoding the nested calldata inside the retryable ticket reveals exactly two addAsset(...) calls — one for the known Arbitrum USDT address (0xFd086bc7...FCbb9) and one for the known Arbitrum native USDC address (0xaf88d065...e5831) — followed by a deployAndUpgradeTo(configurator, comet) call targeting the correct Configurator and Comet contract addresses. This matches the description's claim of 'two addAsset calls and a deployAndUpgradeTo call' sent across the bridge. The small ETH value attached (~0.0032 ETH) is the standard L1->L2 message/gas fee for the retryable ticket, which is routine bookkeeping for this governance mechanism and not something the description would be expected to mention. No value, target, or action-type mismatches were found between the prose and the decoded calldata.It appears consistent.
Generated by Kvorum
04Actions
- Target
- 0x4dbd…ab3f
- Value
- 3236347500000000 wei
- Function
- createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)
- Arguments
{ "0": "0x42480C37B249e33aABaf4c22B20235656bd38068", "1": "0", "2": "2276810000000000", "3": "0x3fB4d38ea7EC20D91917c09591490Eeda38Cf88A", "4": "0x3fB4d38ea7EC20D91917c09591490Eeda38Cf88A", "5": "1919075", "6": "500000000", "7": "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" }- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| 220x2210…d02e | For | 92K | 13.26% | — | 2y ago |
| 8D0x8d07…a265 | For | 85K | 12.25% | — | 2y ago |
| 540x54a3…e189 | For | 80.1K | 11.54% | — | 2y ago |
| B90xb933…8dd1 | For | 80K | 11.53% | — | 2y ago |
| 070x0703…961b | For | 70K | 10.09% | — | 2y ago |
| 7A0x7ae1…e585 | For | 50K | 7.21% | — | 2y ago |
| B40xb49f…7948 | For | 50K | 7.21% | — | 2y ago |
| 130x13bd…8548 | For | 50K | 7.21% | — | 2y ago |
| DC0xdc1f…e432 | For | 50K | 7.21% | — | 2y ago |
| 3F0x3fb1…4c8a | For | 45.6K | 6.56% | — | 2y ago |
| 660x66cd…65f9 | For | 35.6K | 5.13% | — | 2y ago |
| B30xb356…c826 | For | 4.6K | 0.66% | — | 2y ago |
| 5C0x5c04…dc62 | For | 671.8 | 0.10% | — | 2y ago |
| BE0xbe1d…c953 | For | 231 | 0.03% | — | 2y ago |
| 580x5898…4848 | For | 53 | 0.01% | — | 2y ago |
| 720x72c5…7708 | For | 12 | 0.00% | — | 2y ago |
| 050x0579…ca09 | For | 1 | 0.00% | — | 2y ago |
| 1C0x1ccb…c0d0 | For | 0.1 | 0.00% | — | 2y ago |
| D80xd8de…ae41 | For | 0.1 | 0.00% | — | 2y ago |
| F80xf88c…bdfd | For | 0 | 0.00% | — | 2y ago |
| 460x46b0…988d | For | 0 | 0.00% | — | 2y ago |
| 0D0x0db0…a802 | For | 0 | 0.00% | — | 2y ago |
| 740x7453…5ed2 | For | 0 | 0.00% | — | 2y ago |
| 470x4752…2522 | For | 0 | 0.00% | — | 2y ago |
07Forum
No forum thread is confidently linked to this proposal.
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