Update AERO, USDC, WETH and USDbC Comets on Base to support more collaterals
01Summary
Compound Growth Program proposes to upgrade 4 Comet markets on Base (cAEROv3, cUSDCv3, cWETHv3, and cUSDbCv3) to a new version that supports up to 24 collaterals instead of the current amount. The upgrade includes deploying new factory contracts, extension delegates, and upgraded Comet implementations via cross-chain messaging from Ethereum.
- Type
- contract upgrade
Key changes
- Upgrade Comet implementation to support up to 24 collaterals on Base markets(high)
- Deploy new factory contract for updated Comets(high)
- Deploy new extension delegate contract(medium)
- Execute cross-chain message from Ethereum to Base to coordinate all 4 market upgrades(high)
Notable concerns
- Proposal involves complex cross-chain messaging and simultaneous upgrades to 4 separate market contracts
- Market readiness was validated through simulations using Comet scenario suite, but live upgrade carries execution risk
Generated by Kvorum
02Description
Update AERO, USDC, WETH and USDbC Comets on Base to support more collaterals
Proposal summary
Compound Growth Program [AlphaGrowth] proposes to update 4 Comets to a new version, which supports up to 24 collaterals. This proposal takes the governance steps recommended and necessary to update a Compound III AERO, USDC, WETH and USDbC markets on Base. Simulations have confirmed the market’s readiness, as much as possible, using the Comet scenario suite.
Detailed information can be found on the corresponding proposal pull request and forum discussion.
Proposal Actions
The first action sets the factory to the newly deployed factory, extension delegate to the newly deployed contract and deploys and upgrades Comet to a new version for all 4 comets: cAEROv3, cUSDCv3, cWETHv3 and cUSDbCv3.
03Mismatch analysis
The proposal's on-chain footprint is a single L1->L2 sendMessage call (typical for Compound's cross-chain governance bridge to Base). Decoding the embedded message payload reveals 12 sub-calls organized into 4 groups of 3 identical patterns: setFactory(address,address), setExtensionDelegate(address,address), and deployAndUpgradeTo(address,address), each group targeting a different proxy address. This structurally matches the description's claim that the factory and extension delegate are updated and Comet is deployed/upgraded for all 4 markets (AERO, USDC, WETH, USDbC). The use of a single sendMessage wrapper rather than 12 separate top-level actions is standard/necessary for cross-chain governance execution and does not misrepresent the substance of what's being done. I cannot independently verify from the calldata alone that the four target proxy addresses correspond exactly to the AERO/USDC/WETH/USDbC Comet markets (this requires off-chain address verification), which is why confidence is medium rather than high, but no internal inconsistency, extra action, or omitted action was found between the prose and the decoded structure.'
Generated by Kvorum
04Actions
- Target
- 0x866e…0afa
- Value
- 0 wei
- Function
- sendMessage(address,bytes,uint32)
- Arguments
{ "_target": "0x18281dfC4d00905DA1aaA6731414EABa843c468A", "_message": 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"_minGasLimit": "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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