Add wUSDM as collateral into cUSDCv3 on Optimism
01Summary
Compound Growth Program proposes to add wUSDM as collateral to the cUSDCv3 market on Optimism. The proposal includes setting risk parameters based on Gauntlet's recommendations and has been validated through market simulations.
- Type
- protocol addition
Key changes
- Add wUSDM as collateral asset to Compound III USDC market on Optimism network(high)
- Set risk parameters for wUSDM collateral based on Gauntlet recommendations including optimal liquidation threshold and LTV ratios(high)
- Deploy and upgrade governance receiver contracts on Optimism to implement the new collateral asset(medium)
Generated by Kvorum
02Description
Add wUSDM as collateral into cUSDCv3 on Optimism
Proposal summary
Compound Growth Program [AlphaGrowth] proposes to add wUSDM into cUSDCv3 on Optimism network. This proposal takes the governance steps recommended and necessary to update a Compound III USDC market on Optimism. 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 wUSDM to the USDC Comet on Optimism. This sends the encoded addAsset and deployAndUpgradeTo calls across the bridge to the governance receiver on Optimism.
03Mismatch analysis
The proposal describes a single action: bridging an addAsset call (to add wUSDM collateral) plus a deployAndUpgradeTo call to the Optimism governance receiver via the standard cross-chain governance messaging pattern used by Compound III proposals. The single decoded action matches this exactly — it is a sendMessage(address,bytes,uint32) call to the L1CrossDomainMessenger-style bridge contract, targeting an address consistent with the Optimism governance receiver, and the embedded calldata (visible as ASCII function signatures 'addAsset(address,(address,address,address,uint8,uint64,uint64,uint64,uint128))' and 'deployAndUpgradeTo(address,address)') confirms both calls are present as described. The number of actions (one) matches the description's 'first proposal action' framing. I cannot independently verify that the specific numeric risk parameters embedded in the nested calldata (collateral factors, supply caps, price feed addresses) exactly match Gauntlet's forum recommendations, since the description does not restate specific numbers to check against — this limits confidence to medium, but does not constitute a discrepancy since the description only makes a general, unfalsified claim of following Gauntlet's recommendations. No mismatched targets, omitted actions, or extra claims were found beyond this unverifiable but non-contradicted parameter detail.
Generated by Kvorum
04Actions
- Target
- 0x25ac…5fa1
- Value
- 0 wei
- Function
- sendMessage(address,bytes,uint32)
- Arguments
{ "0": "0xC3a73A70d1577CD5B02da0bA91C0Afc8fA434DAF", "1": "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", "2": "3000000" }- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
No forum thread is confidently linked to this proposal.
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