Add wsuperOETHb as collateral into cUSDCv3 on Base
01Summary
WOOF! proposes to add wsuperOETHb as collateral to the cUSDCv3 market on Base network. The proposal includes setting risk parameters based on Gauntlet recommendations and has been validated through market simulations using Compound's scenario suite.
- Type
- protocol addition
Key changes
- Add wsuperOETHb (0xb125e6687d4313864e53df431d5425969c15eb2f) as collateral asset to cUSDCv3 on Base(high)
- Set collateral parameters for wsuperOETHb including price oracle, liquidation threshold, and other risk parameters per Gauntlet recommendations(high)
- Deploy and upgrade Comet implementation on Base to support the new collateral asset(high)
Notable concerns
- Cross-chain message relay dependency for implementation on Base network
- Market readiness has been simulated but real-world conditions may differ
Generated by Kvorum
02Description
Add wsuperOETHb as collateral into cUSDCv3 on Base
Proposal summary
WOOF! proposes to add wsuperOETHb into cUSDCv3 on Base network. This proposal takes the governance steps recommended and necessary to update a Compound III USDC market on Base. 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 wsuperOETHb to the USDC Comet on Base. This sends the encoded 'addAsset' and 'deployAndUpgradeTo' calls across the bridge to the governance receiver on Base.
03Mismatch analysis
The proposal describes a single governance action: bridging an addAsset call (to add wsuperOETHb collateral) plus a deployAndUpgradeTo call to the Base Comet governance receiver. The single decoded on-chain action is exactly a sendMessage to the L1CrossDomainMessenger targeting the known Base governance receiver address, carrying an ABI-encoded payload whose inner function selectors decode to 'addAsset(address,(...))' and 'deployAndUpgradeTo(address,address)' — matching the mechanism described in the 'Proposal Actions' section verbatim. The description does not state specific numeric risk parameters (collateral factor, supply cap, liquidation factor, etc.) in the prose, so there is nothing to cross-check numerically against the encoded uint128/uint64 values embedded in the calldata; it defers to the linked Gauntlet forum post for those details, which is a reasonable and common summarization pattern for Compound governance proposals. No target mismatch, no extra or omitted actions, and no misleading characterization of magnitude or direction were found. Confidence is high because the single described action structurally and functionally matches the single decoded action with no ambiguity about what will execute on-chain.
Generated by Kvorum
04Actions
- Target
- 0x866e…0afa
- Value
- 0 wei
- Function
- sendMessage(address,bytes,uint32)
- Arguments
{ "_target": "0x18281dfC4d00905DA1aaA6731414EABa843c468A", "_message": "0x000000000000000000000000000000000000000000000000000000000000008000000000000000000000000000000000000000000000000000000000000000e000000000000000000000000000000000000000000000000000000000000001400000000000000000000000000000000000000000000000000000000000000280000000000000000000000000000000000000000000000000000000000000000200000000000000000000000045939657d1ca34a8fa39a924b71d28fe8431e581000000000000000000000000bde8f31d2ddda895264e27dd990fab3dc87b372d0000000000000000000000000000000000000000000000000000000000000002000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000002000000000000000000000000000000000000000000000000000000000000004000000000000000000000000000000000000000000000000000000000000000c00000000000000000000000000000000000000000000000000000000000000046616464417373657428616464726573732c28616464726573732c616464726573732c75696e74382c75696e7436342c75696e7436342c75696e7436342c75696e743132382929000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000236465706c6f79416e6455706772616465546f28616464726573732c616464726573732900000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000002000000000000000000000000000000000000000000000000000000000000004000000000000000000000000000000000000000000000000000000000000001600000000000000000000000000000000000000000000000000000000000000100000000000000000000000000b125e6687d4313864e53df431d5425969c15eb2f0000000000000000000000007fcd174e80f264448ebee8c88a7c4476aaf58ea60000000000000000000000008671d5e3a10639a573bacffef448ca076b2d5cd700000000000000000000000000000000000000000000000000000000000000120000000000000000000000000000000000000000000000000b1a2bc2ec5000000000000000000000000000000000000000000000000000000bcbce7f1b1500000000000000000000000000000000000000000000000000000c7d713b49da000000000000000000000000000000000000000000000000006c6b935b8bbd400000000000000000000000000000000000000000000000000000000000000000004000000000000000000000000045939657d1ca34a8fa39a924b71d28fe8431e581000000000000000000000000b125e6687d4313864e53df431d5425969c15eb2f", "_minGasLimit": "3000000" }- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| B90xb933…8dd1 | For | 252.7K | 42.14% | — | 11mo ago |
| 3F0x3fb1…4c8a | For | 104.8K | 17.47% | — | 11mo ago |
| 660x66cd…65f9 | Against | 80.4K | 13.40% | — | 11mo ago |
| B30xb356…c826 | For | 51.1K | 8.52% | — | 11mo ago |
| 050x0579…ca09 | For | 50K | 8.34% | — | 11mo ago |
| 070x0703…961b | For | 30K | 5.00% | — | 11mo ago |
| B40xb49f…7948 | For | 30K | 5.00% | — | 11mo ago |
| CE0xce8a…8ca3 | For | 750 | 0.13% | — | 11mo ago |
| C50xc554…7759 | For | 11.2 | 0.00% | — | 11mo ago |
| 010x0151…c3b9 | For | 1.1 | 0.00% | — | 11mo ago |
| 170x1729…b879 | For | 1 | 0.00% | — | 11mo ago |
| 2F0x2f2f…f78a | For | 0.5 | 0.00% | — | 11mo ago |
| D80xd8de…ae41 | For | 0.1 | 0.00% | — | 11mo ago |
| EC0xec87…a9a9 | For | 0 | 0.00% | — | 11mo ago |
| DE0xde7d…2990 | Against | 0 | 0.00% | — | 11mo ago |
| 4A0x4a46…41f3 | For | 0 | 0.00% | — | 11mo ago |
| F70xf787…78d0 | For | 0 | 0.00% | — | 11mo ago |
| E00xe005…59d8 | For | 0 | 0.00% | — | 11mo ago |
| B30xb356…40e7 | For | 0 | 0.00% | — | 11mo ago |
| 580x5825…c5fe | For | 0 | 0.00% | — | 11mo ago |
| 890x89bf…30b1 | For | 0 | 0.00% | — | 11mo ago |
| 1A0x1a07…3fd3 | For | 0 | 0.00% | — | 11mo ago |
| F20xf206…c3be | For | 0 | 0.00% | — | 11mo ago |
| 1F0x1fed…39f4 | For | 0 | 0.00% | — | 11mo ago |
| D20xd2ab…94cd | Against | 0 | 0.00% | — | 11mo ago |
| 030x0370…a61f | For | 0 | 0.00% | — | 11mo ago |
| D60xd6f5…d90f | For | 0 | 0.00% | — | 11mo ago |
| 7A0x7ac9…73e8 | Abstain | 0 | 0.00% | — | 11mo ago |
| B30xb344…11f8 | For | 0 | 0.00% | — | 11mo ago |
| 150x1501…bb6b | For | 0 | 0.00% | — | 11mo ago |
| 590x5956…cfa3 | For | 0 | 0.00% | — | 11mo ago |
| 450x45f9…fc12 | For | 0 | 0.00% | — | 11mo ago |
| 1C0x1c98…f168 | Against | 0 | 0.00% | — | 11mo ago |
| 940x945d…7297 | For | 0 | 0.00% | — | 11mo ago |
| BE0xbe10…1e8f | Against | 0 | 0.00% | — | 11mo ago |
| 1D0x1d0f…024c | For | 0 | 0.00% | — | 11mo ago |
| A10xa1a0…0de0 | Abstain | 0 | 0.00% | — | 11mo ago |
| E80xe80e…1c79 | For | 0 | 0.00% | — | 11mo ago |
| 6B0x6bc4…1c40 | For | 0 | 0.00% | — | 11mo ago |
| DE0xde49…8f80 | For | 0 | 0.00% | — | 11mo ago |
| AC0xacf6…2b5f | For | 0 | 0.00% | — | 11mo ago |
| F20xf24a…6159 | For | 0 | 0.00% | — | 11mo ago |
| C90xc9dd…23a5 | For | 0 | 0.00% | — | 11mo ago |
| DD0xdd68…d51b | For | 0 | 0.00% | — | 11mo ago |
| 890x8931…a80c | For | 0 | 0.00% | — | 11mo ago |
| 1C0x1c64…eef1 | For | 0 | 0.00% | — | 11mo ago |
| B20xb232…1534 | For | 0 | 0.00% | — | 11mo ago |
| 8C0x8cb7…d6b5 | For | 0 | 0.00% | — | 11mo ago |
| E30xe317…908b | For | 0 | 0.00% | — | 11mo ago |
| F10xf1d8…e355 | For | 0 | 0.00% | — | 11mo ago |
07Forum
No forum thread is confidently linked to this proposal.
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