Add cbBTC as collateral into cUSDTv3 on Ethereum
01Summary
Compound Growth Program proposes to add cbBTC as collateral into the cUSDTv3 market on Ethereum, with risk parameters recommended by Gauntlet. The proposal includes two on-chain actions: adding cbBTC as an asset with specific risk configurations and deploying an upgraded Comet version.
- Type
- protocol addition
Key changes
- Add cbBTC (0xcbB7C0000aB88B473b1f5aFd9ef808440eed33Bf) as collateral asset in cUSDTv3 market on Ethereum(high)
- Set cbBTC collateral factor to 80% with liquidation incentive of 8.5% and risk-adjusted collateral factor of 95%(high)
- Deploy and upgrade Comet to new version incorporating cbBTC collateral support(high)
Generated by Kvorum
02Description
Add cbBTC as collateral into cUSDTv3 on Ethereum
Proposal summary
Compound Growth Program [AlphaGrowth] proposes to add cbBTC into cUSDTv3 on Ethereum network. This proposal takes the governance steps recommended and necessary to update a Compound III USDT 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) adding cbBTC as collateral to cUSDTv3 with Gauntlet-recommended risk parameters, and (2) deploying/upgrading Comet to activate the change. The decoded calldata contains exactly two actions matching this structure: an addAsset call specifying cbBTC's token address, price feed, decimals, and risk parameters (collateral factor, liquidate collateral factor, liquidation factor, supply cap), followed by a deployAndUpgradeTo call targeting the same Configurator/Comet addresses used in action 0. The description does not enumerate the specific numeric risk parameters, but it explicitly defers to the linked Gauntlet forum recommendations for those details, which is a reasonable and legitimate summarization rather than an omission of a hidden action. No target, value, or directional mismatches were found between the prose and the on-chain actions. Overall the proposal description accurately and completely reflects what the calldata will execute.
Generated by Kvorum
04Actions
- Target
- 0x316f…36e3
- Value
- 0 wei
- Function
- addAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))
- Arguments
{ "0": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840", "1": [ "0xcbB7C0000aB88B473b1f5aFd9ef808440eed33Bf", "0x2D09142Eae60Fd8BD454a276E95AeBdFFD05722d", "8", "800000000000000000", "850000000000000000", "950000000000000000", "9300000000" ] }- Calldata
- Target
- 0x1ec6…8779
- Value
- 0 wei
- Function
- deployAndUpgradeTo(address,address)
- Arguments
{ "0": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3", "1": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840" }- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
No forum thread is confidently linked to this proposal.
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