Add rsETH as collateral into cWETHv3 on Unichain
01Summary
Proposal to add rsETH as collateral to the cWETHv3 market on Unichain network. The action sends encoded calls across a bridge to add the asset with risk parameters determined by Gauntlet recommendations and validated through market simulations.
- Type
- protocol addition
Key changes
- Add rsETH (0x6c987dde50db1dcdd32cd4175778c2a291978e2a) as collateral asset to Compound III WETH market on Unichain(high)
- Set rsETH risk parameters including collateral factor, liquidation incentive, and supply/borrow caps based on Gauntlet recommendations(high)
- Deploy and upgrade governance receiver contract on Unichain to enable the new asset configuration(medium)
Generated by Kvorum
02Description
Add rsETH as collateral into cWETHv3 on Unichain
Proposal summary
WOOF! proposes to add rsETH into cWETHv3 on Unichain network. This proposal takes the governance steps recommended and necessary to update a Compound III WETH market on Unichain. 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 rsETH to the WETH Comet on Unichain. This sends the encoded 'addAsset' and 'deployAndUpgradeTo' calls across the bridge to the governance receiver on Unichain.
03Mismatch analysis
The proposal contains a single on-chain action: a cross-chain sendMessage call that bundles an addAsset call (adding a new collateral configuration, consistent with rsETH being added) and a deployAndUpgradeTo call for the Comet proxy on Unichain. This matches the description's claim that the proposal 'sends the encoded addAsset and deployAndUpgradeTo calls across the bridge to the governance receiver on Unichain' to add rsETH as collateral into cWETHv3. The target Comet proxy address, the governance receiver address, and the structure of the encoded calldata (addAsset + deployAndUpgradeTo) align with the stated intent. The description does not quote specific numeric risk parameters (borrow factor, liquidation factor, supply cap) in the text itself—it only references an external Gauntlet forum post for those values—so there is no textual number to cross-check against the encoded uint64/uint128 parameters in the calldata; this is a case of legitimate summarization rather than an omission worth flagging. No target mismatches, extra actions, or missing actions were found. Confidence is medium rather than high because the exact numeric risk parameters embedded in the raw calldata could not be independently verified against the Gauntlet-recommended figures referenced only by external link in the description, but the overall structure and intent are consistent.
Generated by Kvorum
04Actions
- Target
- 0x9a3d…98a6
- Value
- 0 wei
- Function
- sendMessage(address,bytes,uint32)
- Arguments
{ "_target": "0x4b5DeE60531a72C1264319Ec6A22678a4D0C8118", "_message": "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", "_minGasLimit": "3000000" }- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
- [AlphaGrowth] Add Market ETH on Unichain ↗discourse · high confidence
Arguments for
- Kelp DAO requested listing rsETH/wrsETH on Compound markets including the Unichain WETH market, citing existing listings across other Compound deployments and growing liquidity/demand.— whyshock
- Gauntlet provided formal risk parameter recommendations (CF 90%, LF 93%, LP 4%, supply cap 1,000 rsETH) for onboarding rsETH to the Unichain WETH comet, aligning them with rsETH's mainnet parameters.— Gauntlet
- WOOF! executed the technical implementation (PRs, tests, simulations, deployment artifacts) confirming the market's readiness for adding rsETH as collateral.— dmitriywoofsoftware
- Gauntlet noted that liquidity for rsETH on Unichain (via Uniswap V4 pool, ~$14.81M TVL) was sufficient to support the recommended conservative supply cap.— Gauntlet
Arguments against
None surfaced.
Unresolved concerns
- Gauntlet flagged that the rsETH/ETH pool on Unichain had been supported by UNI incentives that ended, and observed TVL volatility afterward, raising questions about sustained liquidity.— Gauntlet
- A community member questioned the legitimacy of the on-chain proposal because it was created by an address not associated with a known entity or past governance history.— she256
Notable participants
- AlphaGrowthOriginal proposer who initiated the broader proposal to launch the Unichain WETH market and listed candidate collateral assets including rsETH.
- GauntletRisk manager who provided detailed parameter recommendations for the WETH comet, WBTC/UNI/ezETH/wstETH/weETH assets, and later specifically for rsETH on both Unichain and Mainnet markets.
- dmitriywoofsoftwareWOOF! team member who executed and documented the technical deployment, PRs, and on-chain proposal details for the WETH market and rsETH additions.
- whyshockKelp DAO representative who requested the listing of rsETH/wrsETH on Compound markets, including Unichain.
- she256Community member who raised a due-diligence concern about the proposer wallet's identity.
- PashaClarified that the proposing wallet was a legitimately whitelisted WOOF! wallet, resolving the identity concern.
Generated by Kvorum
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