Add mETH as collateral into cUSDTv3 on Mainnet
01Summary
Proposal to add mETH (Mantle's wrapped ETH) as collateral to Compound III's USDT market on Ethereum mainnet. Includes adding mETH asset configuration with risk parameters recommended by Gauntlet and upgrading the Comet protocol to support the new collateral.
- Type
- protocol addition
Key changes
- Add mETH (0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840) as collateral asset to cUSDTv3 with collateral factor of 80%, liquidation incentive of 85%, and liquidation threshold of 95%(high)
- Deploy and upgrade Comet protocol to new version to enable mETH collateral support(high)
Generated by Kvorum
02Description
Add mETH as collateral into cUSDTv3 on Mainnet
Proposal summary
Compound Growth Program [AlphaGrowth] proposes to add mETH 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 mETH 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 mETH as collateral with configuration parameters based on Gauntlet's recommendations, and (2) deploying and upgrading Comet to a new version. The decoded calldata contains exactly two actions matching this: an addAsset call configuring mETH with specific risk parameters (80% CF, 85% LF, 95% liquidation CF, 4000 mETH supply cap) on the correct Comet configurator/market address, followed by a deployAndUpgradeTo call targeting the same Comet market to activate the new configuration. This is the standard, well-known pattern for Compound III collateral-onboarding proposals. The description does not spell out the specific numeric risk parameters, so there is nothing to compare them against for a value mismatch, and the proposal correctly summarizes both mechanical actions without omitting or adding any steps. No target, value, or characterization mismatches were found.”
Generated by Kvorum
04Actions
- Target
- 0x316f…36e3
- Value
- 0 wei
- Function
- addAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))
- Arguments
{ "0": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840", "1": [ "0xd5F7838F5C461fefF7FE49ea5ebaF7728bB0ADfa", "0x2f7439252Da796Ab9A93f7E478E70DED43Db5B89", "18", "800000000000000000", "850000000000000000", "950000000000000000", "4000000000000000000000" ] }- 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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