KVORUM
compoundSource: Compound governor bravo · #341

Add tBTC as collateral into cUSDCv3 on Mainnet

executedOct 12, 2024, 09:53 AM UTCbyD20xd2a7…5a0c

01Summary

AISummary by Kvorumclaude-haiku-4-5

Add tBTC as collateral to the cUSDCv3 market on Ethereum mainnet with risk parameters recommended by Gauntlet. The proposal includes setting tBTC configuration parameters (LTV, liquidation collateral, liquidation incentive thresholds) and upgrading the Comet contract to support this new collateral asset.

Type
protocol addition

Key changes

  • Add tBTC (0x18084fbA666a33d37592fA2633fD49a74DD93a88) as collateral asset to cUSDCv3 with configured parameters: LTV 76%, liquidation collateral threshold 81%, liquidation incentive 90%, maximum borrowable amount 285,000,000 tokens(high)
  • Deploy and upgrade Comet contract to new version to support tBTC collateral integration(high)
Contracts0x316f9708bb98af7da9c68c1c3b5e79039cd336e30x1ec63b5883c3481134fd50d5daebc83ecd2e87790xc3d688B66703497DAA19211EEdff47f25384cdc3
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

112 words

Add tBTC as collateral into cUSDCv3 on Mainnet

Proposal summary

Compound Growth Program [AlphaGrowth] proposes to add tBTC 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 on the recommendations from Gauntlet.

Further detailed information can be found on the corresponding proposal pull request and forum discussion.

Proposal Actions

The first action adds tBTC asset as collateral with corresponding configurations.

The second action deploys and upgrades Comet to a new version.

03Mismatch analysis

AIMismatch analysis by Kvorumclaude-sonnet-5
Consistent

The description states two actions: (1) add tBTC as collateral to cUSDCv3 with risk parameters set per Gauntlet's recommendations, and (2) deploy and upgrade the Comet implementation. The decoded calldata matches exactly this two-step Compound governance pattern: action 0 calls addAsset on the known Comet Configurator contract for the cUSDCv3 Ethereum market proxy, adding the tBTC token address with a price feed, decimals, collateral factors, liquidation factor, and supply cap — all plausible parameter values consistent with a Gauntlet-style risk configuration (not contradicted by the description, which only references the external Gauntlet recommendation rather than quoting numbers). Action 1 calls deployAndUpgradeTo on the Comet Proxy Admin, passing the same Configurator and Comet proxy addresses referenced in action 0, which is exactly the deploy-and-upgrade step described. No contract addresses, recipients, or parameters diverge from what would be expected for this type of proposal, and no additional or missing actions were found. Given the description's high-level nature (deferring exact figures to the linked Gauntlet forum post) and the exact correspondence of both actions to the two claims made, this proposal is consistent with no discrepancies worth flagging.

Generated by Kvorum
model: claude-sonnet-5
provider: anthropic
profile: anthropic-strong-v1
prompt: v1.0
generated: 2mo ago
Review the decoded actions ↗

04Actions

2 total
#0addAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
addAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))
Arguments
{
  "0": "0xc3d688B66703497DAA19211EEdff47f25384cdc3",
  "1": [
    "0x18084fbA666a33d37592fA2633fD49a74DD93a88",
    "0xAA9527bf3183A96fe6e55831c96dE5cd988d3484",
    "18",
    "760000000000000000",
    "810000000000000000",
    "900000000000000000",
    "285000000000000000000"
  ]
}
Calldata
#1deployAndUpgradeTo(address,address)chain 0x1
Target
0x1ec6…8779
Value
0 wei
Function
deployAndUpgradeTo(address,address)
Arguments
{
  "0": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3",
  "1": "0xc3d688B66703497DAA19211EEdff47f25384cdc3"
}
Calldata

05Tally

Summed from votes

Voters23
VP participating718.4K
Outcome (current)For
Current support100%

06Voters

23 total

No votes recorded yet.

07Forum

No forum thread is confidently linked to this proposal.