Add wrsETH as collateral into cWETHv3 on Base
01Summary
Proposal to add wrsETH as collateral to the cWETHv3 market on Base network. The action sends encoded calls across the bridge to add the asset with risk parameters recommended by Gauntlet.
- Type
- protocol addition
Key changes
- Add wrsETH as collateral asset to WETH Comet on Base network(high)
- Set risk parameters for wrsETH based on Gauntlet recommendations(high)
- Deploy and upgrade WETH Comet contract on Base to support new collateral(high)
Notable concerns
- Risk parameters implementation depends on correct bridge message delivery
- Market readiness based on scenario simulations rather than live market conditions
Generated by Kvorum
02Description
Add wrsETH as collateral into cWETHv3 on Base
Proposal summary
Compound Growth Program [AlphaGrowth] proposes to add wrsETH 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 wrsETH 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 adding wrsETH as a new collateral asset to the WETH Comet market on Base, executed by bridging an addAsset call plus a deployAndUpgradeTo call to the Base governance receiver. The single decoded on-chain action is exactly this: a sendMessage call to a bridge messenger targeting the Base governance receiver address, carrying an ABI-encoded payload whose function selectors decode to 'addAsset(...)' and 'deployAndUpgradeTo(address,address)' — matching the described mechanism precisely, including the two-step configure-then-upgrade pattern typical of Compound III cross-chain governance proposals. The description does not make specific numeric claims about the collateral factor, liquidation factor, or supply cap that could be checked against the encoded parameters, so no value-level mismatch can be identified, but the general structure, target function calls, and cross-chain bridging behavior fully align with the calldata. Confidence is medium rather than high because the exact addresses embedded in the calldata (e.g., the specific token address intended to represent wrsETH, the underlying oracle, and the specific Comet/Configurator addresses) cannot be independently verified as correct against known deployments from the provided data alone, but no evidence contradicts the description and no undisclosed or extra actions are present in the calldata. Overall, this proposal is consistent with its 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
No forum thread is confidently linked to this proposal.
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