KVORUM
compoundSource: Compound governor oz · #470

Deprecate wUSDM from cUSDTv3 on Ethereum

executedAug 19, 2025, 08:57 AM UTCby4D0x4d57…093e

01Summary

AISummary by Kvorumclaude-haiku-4-5

WOOF! proposes to deprecate wUSDM from cUSDTv3 on Ethereum by setting its price feed to return the minimum acceptable price (0.00000001) and supply cap to 0, preventing further deposits. This follows USDM's own deprecation and Chainlink oracle sunset. The proposal includes updating wUSDM configuration and deploying a new Comet version.

Type
protocol deprecation

Key changes

  • wUSDM price feed updated to return minimum acceptable price of 0.00000001 (1e-8)(high)
  • wUSDM supply cap set to 0 to prevent further deposits(high)
  • Comet deployed and upgraded to new version reflecting deprecated asset state(high)

Notable concerns

  • wUSDM holders may be unable to deposit or interact normally with the asset after deprecation
  • Market readiness has been simulated but real-world conditions may differ
Contracts0x3Afdc9BCA9213A35503b077a6072F3D0d5AB08400x316f9708bb98af7da9c68c1c3b5e79039cd336e30x1ec63b5883c3481134fd50d5daebc83ecd2e87790x57F5E098CaD7A3D1Eed53991D4d66C45C9AF7812
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

136 words

Deprecate wUSDM from cUSDTv3 on Ethereum

Proposal summary

WOOF! proposes to deprecate wUSDM from cUSDTv3 on Ethereum network, since deprecation of USDM itself and its Chainlink oracle.

In order to achieve this price feed will be updated to a new one, which will return the smallest acceptable price - 0.00000001 (1e-8), and the supply cup will be set to 0 to prevent further deposits. 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.

Further detailed information can be found on the corresponding proposal pull request.

Proposal Actions

The first proposal action updates wUSDM config to a deprecated state.

The second action deploys and upgrades Comet to a new version.

03Mismatch analysis

AIMismatch analysis by Kvorum

A calldata-vs-description analysis is not generated yet. Review the decoded actions →

04Actions

2 total
#0updateAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
updateAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))
Arguments
{
  "cometProxy": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840",
  "newAssetConfig": [
    "0x57F5E098CaD7A3D1Eed53991D4d66C45C9AF7812",
    "0x7BaDaB7109afBbF48eCd8d6498CaAcd2630b45B9",
    "18",
    "0",
    "100000000000000",
    "1000000000000000000",
    "0"
  ]
}
Calldata
#1deployAndUpgradeTo(address,address)chain 0x1
Target
0x1ec6…8779
Value
0 wei
Function
deployAndUpgradeTo(address,address)
Arguments
{
  "cometProxy": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840",
  "configuratorProxy": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3"
}
Calldata

05Tally

Summed from votes

Voters60
VP participating441.1K
Outcome (current)For
Current support100%

06Voters

60 total

No votes recorded yet.

07Forum

No forum thread is confidently linked to this proposal.