Update USDC, USDT, WETH and USDC.e Comets on Arbitrum to support more collaterals
01Summary
Compound Growth Program proposes to upgrade 4 Arbitrum Comet markets (USDT, USDC, WETH, and USDC.e) to a new version that supports up to 24 collaterals instead of the current limit. The upgrade includes deploying a new factory, extension delegate, and upgraded Comet implementations. Market simulations have confirmed readiness for the upgrade.
- Type
- contract upgrade
Key changes
- Upgrade Comet contracts to new version supporting up to 24 collaterals on Arbitrum(high)
- Deploy new factory contract for Comet markets(high)
- Deploy new extension delegate contract(high)
- Update cUSDTv3, cUSDCv3, cWETHv3, and cUSDCev3 implementations(high)
Generated by Kvorum
02Description
Update USDC, USDT, WETH and USDC.e Comets on Arbitrum 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 Compound III USDT, USDC, WETH and USDC.e markets on Arbitrum. 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: cUSDTv3, cUSDCv3, cWETHv3 and cUSDCev3.
03Mismatch analysis
The proposal describes a single governance action that upgrades 4 Arbitrum Comet markets (USDT, USDC, WETH, USDCe) by setting a new factory, setting a new extension delegate, and deploying/upgrading each Comet to a new implementation supporting more collaterals. The decoded calldata is a single L1 action (createRetryableTicket) that bridges a message to Arbitrum containing exactly 12 sub-calls — three calls (setFactory, setExtensionDelegate, deployAndUpgradeTo) for each of 4 distinct Comet proxy addresses, which correspond to the known Arbitrum Comet market addresses for USDC, USDCe, USDT, and WETH. This precisely matches the prose's claim of 'sets the factory... extension delegate... deploys and upgrades Comet to a new version for all 4 comets.' The ETH value attached (~0.0071 ETH) is standard retryable-ticket gas funding for the L1->L2 bridge call and is routine boilerplate not requiring separate mention in the description. No numeric parameters, target mismatches, or omitted significant actions were found. The description is a faithful, if high-level, summary of the on-chain action.
Generated by Kvorum
04Actions
- Target
- 0x4dbd…ab3f
- Value
- 7125192500000000 wei
- Function
- createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)
- Arguments
{ "to": "0x42480C37B249e33aABaf4c22B20235656bd38068", "data": 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"gasLimit": "4167165", "l2CallValue": "0", "maxFeePerGas": "500000000", "maxSubmissionCost": "5041610000000000", "callValueRefundAddress": "0x3fB4d38ea7EC20D91917c09591490Eeda38Cf88A", "excessFeeRefundAddress": "0x3fB4d38ea7EC20D91917c09591490Eeda38Cf88A" }- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| 660x66cd…65f9 | For | 80.1K | 11.70% | — | 2y ago |
| B90xb933…8dd1 | For | 80K | 11.69% | — | 2y ago |
| 070x0703…961b | For | 80K | 11.69% | — | 2y ago |
| 3F0x3fb1…4c8a | For | 80K | 11.69% | — | 2y ago |
| B40xb49f…7948 | For | 80K | 11.69% | — | 2y ago |
| 540x54a3…e189 | For | 79.3K | 11.59% | — | 2y ago |
| 220x2210…d02e | For | 53.1K | 7.76% | — | 2y ago |
| ED0xed11…bb04 | For | 50K | 7.31% | — | 2y ago |
| 050x0579…ca09 | For | 50K | 7.31% | — | 2y ago |
| 4F0x4f89…fd3c | For | 50K | 7.31% | — | 2y ago |
| 720x72c5…7708 | For | 1.2K | 0.17% | — | 2y ago |
| 210x21b3…fa75 | For | 502 | 0.07% | — | 2y ago |
| E40xe459…e666 | For | 5.2 | 0.00% | — | 2y ago |
| B70xb792…89d7 | For | 2 | 0.00% | — | 2y ago |
| 170x1729…b879 | For | 1 | 0.00% | — | 2y ago |
| C60xc6d7…bfb2 | For | 0.1 | 0.00% | — | 2y ago |
| 9A0x9a0f…8de8 | For | 0.1 | 0.00% | — | 2y ago |
| 610x61ff…9630 | For | 0.1 | 0.00% | — | 2y ago |
| D80xd8de…ae41 | For | 0.1 | 0.00% | — | 2y ago |
| 9D0x9d86…61e1 | For | 0 | 0.00% | — | 2y ago |
| 0F0x0f2c…eb28 | For | 0 | 0.00% | — | 2y ago |
| 950x95f8…19c0 | For | 0 | 0.00% | — | 2y ago |
| E70xe782…84c8 | For | 0 | 0.00% | — | 2y ago |
| 9E0x9e82…6376 | For | 0 | 0.00% | — | 2y ago |
| 7C0x7c39…1725 | For | 0 | 0.00% | — | 2y ago |
| 250x251d…5981 | For | 0 | 0.00% | — | 2y ago |
| 190x194e…0f33 | For | 0 | 0.00% | — | 2y ago |
07Forum
No forum thread is confidently linked to this proposal.
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