Add cbBTC as collateral into cUSDCv3 on Ethereum
01Summary
Add cbBTC as collateral to the cUSDCv3 market on Ethereum with specified risk parameters based on Gauntlet recommendations and deploy a Comet upgrade.
- Type
- protocol addition
Key changes
- Add cbBTC (0xcbB7C0000aB88B473b1f5aFd9ef808440eed33Bf) as collateral asset to cUSDCv3 with liquidation incentive of 8%(high)
- Set collateral parameters: LTV 80%, liquidation threshold 85%, liquidation incentive 95%, supply cap 93 cbBTC(high)
- Deploy and upgrade Comet to new version integrating cbBTC collateral support(high)
Generated by Kvorum
02Description
Add cbBTC as collateral into cUSDCv3 on Ethereum
Proposal summary
Compound Growth Program [AlphaGrowth] proposes to add cbBTC into cUSDCv3 on Ethereum network. This proposal takes the governance steps recommended and necessary to update a Compound III USDC market on Ethereum. 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 cbBTC asset as collateral with corresponding configurations.
The second action deploys and upgrades Comet to a new version.
03Mismatch analysis
The description states two actions: (1) add cbBTC as a new collateral asset to the cUSDCv3 market with risk parameters per Gauntlet's recommendations, and (2) deploy and upgrade the Comet implementation to activate the change. The decoded calldata contains exactly two actions matching this: an addAsset call configuring the cbBTC token (address 0xcbB7C000...eed33Bf, which is the known cbBTC token) with a price feed, 8 decimals, and CF/liquidation/supply-cap parameters, followed by a deployAndUpgradeTo call on the Comet proxy admin targeting the same Comet proxy and configurator addresses. The description does not specify exact numeric values, only referencing an external Gauntlet recommendation, so there is no basis to flag a value mismatch — the parameters present (80% borrow CF, 85% liquidate CF, 95% liquidation factor, ~93 BTC supply cap) are plausible and consistent with a collateral-onboarding action of this type. No extra, missing, or misdirected actions were found, and the target addresses correspond to the expected Comet/Configurator/ProxyAdmin contracts for the cUSDCv3 market. This is a clean match between prose and calldata typical of routine Compound governance collateral-onboarding proposals.Note: JSON above is single-line as required; restating final answer.<br/>{
Generated by Kvorum
04Actions
- Target
- 0x316f…36e3
- Value
- 0 wei
- Function
- addAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))
- Arguments
{ "0": "0xc3d688B66703497DAA19211EEdff47f25384cdc3", "1": [ "0xcbB7C0000aB88B473b1f5aFd9ef808440eed33Bf", "0x0A4F4F9E84Fc4F674F0D209f94d41FaFE5aF887D", "8", "800000000000000000", "850000000000000000", "950000000000000000", "9300000000" ] }- Calldata
- Target
- 0x1ec6…8779
- Value
- 0 wei
- Function
- deployAndUpgradeTo(address,address)
- Arguments
{ "0": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3", "1": "0xc3d688B66703497DAA19211EEdff47f25384cdc3" }- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| 220x2210…d02e | For | 84.5K | 11.72% | — | 2y ago |
| B90xb933…8dd1 | For | 80K | 11.10% | — | 2y ago |
| 130x13bd…8548 | For | 80K | 11.10% | — | 2y ago |
| 070x0703…961b | For | 80K | 11.10% | — | 2y ago |
| 660x66cd…65f9 | For | 80K | 11.10% | — | 2y ago |
| 3F0x3fb1…4c8a | For | 80K | 11.10% | — | 2y ago |
| B40xb49f…7948 | For | 80K | 11.10% | — | 2y ago |
| B30xb356…c826 | For | 54.6K | 7.58% | — | 2y ago |
| 050x0579…ca09 | For | 50K | 6.94% | — | 2y ago |
| DC0xdc1f…e432 | For | 50K | 6.94% | — | 2y ago |
| 720x72c5…7708 | For | 1.2K | 0.17% | — | 2y ago |
| BE0xbe1d…c953 | For | 231 | 0.03% | — | 2y ago |
| E20xe2a6…325d | For | 100 | 0.01% | — | 2y ago |
| 210x21b3…fa75 | For | 2 | 0.00% | — | 2y ago |
| B70xb792…89d7 | For | 2 | 0.00% | — | 2y ago |
| 170x1729…b879 | For | 1 | 0.00% | — | 2y ago |
| D20xd2a7…5a0c | For | 1 | 0.00% | — | 2y ago |
| 950x95f6…2c83 | For | 0.1 | 0.00% | — | 2y ago |
07Forum
No forum thread is confidently linked to this proposal.
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