Add sUSDS as collateral into cUSDSv3 on Mainnet
01Summary
Compound Growth Program proposes to add sUSDS as collateral to the cUSDSv3 market on Ethereum mainnet. The proposal includes adding sUSDS asset configuration based on Gauntlet risk parameter recommendations and upgrading Comet to a new version. Market simulations have confirmed readiness.
- Type
- protocol addition
Key changes
- Add sUSDS (0x5D409e56D886231aDAf00c8775665AD0f9897b56) as collateral asset to cUSDSv3 with collateral factor of 88%, liquidation incentive of 92%, and liquidation threshold of 96%(high)
- Deploy and upgrade Comet implementation to new version to support sUSDS collateral(high)
Generated by Kvorum
02Description
Add sUSDS as collateral into cUSDSv3 on Mainnet
Proposal summary
Compound Growth Program [AlphaGrowth] proposes to add sUSDS into cUSDSv3 on Ethereum network. This proposal takes the governance steps recommended and necessary to update a Compound III USDS 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 sUSDS 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 sUSDS as collateral with configuration parameters, and (2) deploy and upgrade Comet to a new version. The decoded calldata matches this exactly and in the same order: action 0 is an addAsset call on the Configurator targeting the cUSDSv3 Comet address, adding sUSDS with a full risk parameter set (collateral factors, liquidation factor, price feed, supply cap); action 1 is a deployAndUpgradeTo call that upgrades the same Comet proxy to a newly deployed implementation, consistent with 'deploys and upgrades Comet to a new version.' The comet address referenced in both actions (0x5D409e56...) is consistent between the two calls, and the sUSDS token address in the config tuple matches the known sUSDS token. The description does not quote specific numeric risk parameters, instead deferring to the linked Gauntlet forum recommendations and PR, which is a reasonable and common summarization for this type of routine Compound III market listing proposal. No values, targets, or actions in the calldata contradict or extend beyond what the description claims. Therefore the proposal description is an accurate, if high-level, summary of the on-chain actions.
Generated by Kvorum
04Actions
- Target
- 0x316f…36e3
- Value
- 0 wei
- Function
- addAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))
- Arguments
{ "0": "0x5D409e56D886231aDAf00c8775665AD0f9897b56", "1": [ "0xa3931d71877C0E7a3148CB7Eb4463524FEc27fbD", "0x31B844DBc7CDBAa27D22fD6d54986836D023bF3F", "18", "880000000000000000", "920000000000000000", "960000000000000000", "50000000000000000000000000" ] }- Calldata
- Target
- 0x1ec6…8779
- Value
- 0 wei
- Function
- deployAndUpgradeTo(address,address)
- Arguments
{ "0": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3", "1": "0x5D409e56D886231aDAf00c8775665AD0f9897b56" }- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| 660x66cd…65f9 | For | 80K | 0.00% | — | 2y ago |
| B90xb933…8dd1 | For | 80K | 0.00% | — | 2y ago |
| 070x0703…961b | For | 80K | 0.00% | — | 2y ago |
| 3F0x3fb1…4c8a | For | 80K | 0.00% | — | 2y ago |
| B40xb49f…7948 | For | 80K | 0.00% | — | 2y ago |
| 220x2210…d02e | For | 76.7K | 0.00% | — | 2y ago |
| B30xb356…c826 | For | 50.3K | 0.00% | — | 2y ago |
| 7A0x7ae1…e585 | For | 50K | 0.00% | — | 2y ago |
| 050x0579…ca09 | For | 50K | 0.00% | — | 2y ago |
| 4F0x4f89…fd3c | For | 50K | 0.00% | — | 2y ago |
| DC0xdc1f…e432 | For | 50K | 0.00% | — | 2y ago |
| 720x72c5…7708 | For | 1.2K | 0.00% | — | 2y ago |
| 5C0x5c04…dc62 | For | 671.8 | 0.00% | — | 2y ago |
| BE0xbe1d…c953 | For | 231 | 0.00% | — | 2y ago |
| 050x0579…4048 | For | 11.2 | 0.00% | — | 2y ago |
| 210x21b3…fa75 | For | 2 | 0.00% | — | 2y ago |
| B70xb792…89d7 | For | 2 | 0.00% | — | 2y ago |
| 3D0x3ddc…05b0 | For | 1.2 | 0.00% | — | 2y ago |
| 170x1729…b879 | For | 1 | 0.00% | — | 2y ago |
| D20xd2a7…5a0c | For | 1 | 0.00% | — | 2y ago |
| 6D0x6de8…5dfd | For | 0.2 | 0.00% | — | 2y ago |
| 1E0x1e65…a776 | For | 0.1 | 0.00% | — | 2y ago |
| 3F0x3fc3…d4f7 | For | 0.1 | 0.00% | — | 2y ago |
| BF0xbf69…7265 | For | 0.1 | 0.00% | — | 2y ago |
| 610x6152…4c01 | For | 0.1 | 0.00% | — | 2y ago |
| 220x2231…87cf | For | 0 | 0.00% | — | 2y ago |
07Forum
No forum thread is confidently linked to this proposal.
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