Add tBTC as collateral into cUSDTv3 on Mainnet
01Summary
Proposal to add tBTC as collateral to the Compound III USDT market (cUSDTv3) on Ethereum mainnet. This involves configuring tBTC with specific risk parameters based on Gauntlet recommendations and upgrading the Comet contract to support the new collateral type.
- Type
- protocol addition
Key changes
- Add tBTC (0x18084fbA666a33d37592fA2633fD49a74DD93a88) as collateral asset to cUSDTv3 with configured parameters including collateral factor of 76%, liquidation incentive of 81%, and liquidation threshold of 90%(high)
- Deploy and upgrade Comet contract to new version to support tBTC collateral integration(high)
Generated by Kvorum
02Description
Add tBTC as collateral into cUSDTv3 on Mainnet
Proposal summary
Compound Growth Program [AlphaGrowth] proposes to add tBTC 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 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
The description states two actions: (1) adding tBTC as collateral with Gauntlet-recommended risk parameters to cUSDTv3, and (2) deploying and upgrading the Comet implementation to activate the change. The decoded calldata matches exactly this two-step pattern: action 0 calls addAsset with a full risk parameter tuple (price feed, decimals, borrow/liquidate collateral factors, liquidation factor, supply cap) on the Comet configurator for what is presumably the cUSDTv3 market, and action 1 calls deployAndUpgradeTo on the proxy admin, pointing the same Comet proxy address used in action 0 to a newly deployed implementation. This is the standard, well-known pattern for Compound III asset-addition governance proposals. I cannot independently verify the exact numeric values (760000000000000000, 810000000000000000, 900000000000000000, 285000000000000000000) against the specific Gauntlet forum recommendation since the forum content isn't provided in this context, so confidence is medium rather than high. However, the structure, target addresses, and action count align correctly with the description, and there are no unexplained extra actions, target mismatches, or omissions of significant on-chain effects. No numeric or target discrepancies can be flagged without the underlying Gauntlet numbers, so this is assessed as consistent.
Generated by Kvorum
04Actions
- Target
- 0x316f…36e3
- Value
- 0 wei
- Function
- addAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))
- Arguments
{ "0": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840", "1": [ "0x18084fbA666a33d37592fA2633fD49a74DD93a88", "0x7b03a016dBC36dB8e05C480192faDcdB0a06bC37", "18", "760000000000000000", "810000000000000000", "900000000000000000", "285000000000000000000" ] }- 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.
08Similar proposals
- compoundexecutedAdd tBTC as collateral into cUSDCv3 on Mainnet99%
- compoundexecutedAdd tBTC as collateral into cWETHv3 on Mainnet96%
- compoundexecutedAdd cbBTC as collateral into cUSDTv3 on Ethereum94%
- compoundexecutedAdd cbBTC as collateral into cUSDCv3 on Ethereum91%
- compoundexecutedAdd cbBTC as collateral into cWETHv3 on Ethereum89%
- compoundexecutedAdd tBTC as collateral into cUSDCv3 on Base89%
- compoundexecutedAdd tBTC as collateral into cUSDTv3 on Arbitrum88%
- compoundexecutedAdd WBTC as collateral into cWETHv3 on Mainnet87%
- compoundexecutedAdd tBTC as collateral into cUSDCv3 on Arbitrum87%
- compounddefeatedAdd tBTC as collateral into cUSDCv3 on Arbitrum87%