KVORUM
compoundSource: Compound governor oz · #514

Add USDC and USDT as collaterals into cWBTCv3 on Mainnet

executedDec 7, 2025, 10:48 AM UTCbyD20xd2a7…5a0c

01Summary

AISummary by Kvorumclaude-haiku-4-5

Add USDC and USDT as collateral assets to the cWBTCv3 market on Ethereum Mainnet with risk parameters recommended by Gauntlet, and upgrade Comet to a new version to support these changes.

Type
protocol addition

Key changes

  • Add USDC (0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48) as collateral to cWBTCv3 with LTV of 80%, liquidation incentive of 85%, and liquidation bonus of 90%(high)
  • Add USDT (0xdAC17F958D2ee523a2206206994597C13D831ec7) as collateral to cWBTCv3 with LTV of 80%, liquidation incentive of 85%, and liquidation bonus of 90%(high)
  • Upgrade Comet protocol to a new version to support the new collateral assets(high)
Contracts0xe85Dc543813B8c2CFEaAc371517b925a166a92930x316f9708bb98af7da9c68c1c3b5e79039cd336e30x1ec63b5883c3481134fd50d5daebc83ecd2e8779
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

122 words

Add USDC and USDT as collaterals into cWBTCv3 on Mainnet

Proposal summary

WOOF proposes to add USDC and USDT into cWBTCv3 on Ethereum network. This proposal takes the governance steps recommended and necessary to update a Compound III WBTC market on Ethereum. 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 on the recommendations from Gauntlet. Further detailed information can be found on the corresponding proposal pull request and forum discussion.

Proposal Actions

The first action adds USDC asset as collateral with corresponding configurations.

The second action adds USDT asset as collateral with corresponding configurations.

The third action upgrades Comet to a new version.

03Mismatch analysis

AIMismatch analysis by Kvorumclaude-sonnet-5
Consistent

The description states three actions: (1) add USDC as collateral to cWBTCv3, (2) add USDT as collateral to cWBTCv3, (3) upgrade the Comet proxy to a new implementation. The decoded calldata shows exactly three actions matching this sequence: two addAsset calls on the Configurator targeting the same cWBTCv3 Comet proxy (0xe85Dc5...), each with an asset config including collateral/liquidation factors (80%/85%/90%, consistent with typical Gauntlet-style risk parameter recommendations referenced in the proposal) and a supply cap, followed by a deployAndUpgradeTo call referencing the same Comet proxy and Configurator to finalize the upgrade. No numeric values in the description are specific enough to conflict with the calldata (the description defers exact parameters to the linked Gauntlet forum post and PR, which is reasonable summarization). The target addresses are consistent across all three actions (same cometProxy and configurator), so there is no target mismatch. No additional or missing actions were found. Overall the prose accurately and completely reflects the on-chain actions, with only routine technical details omitted, which is expected summarization for this type of Compound governance proposal.

Generated by Kvorum
model: claude-sonnet-5
provider: anthropic
profile: anthropic-strong-v1
prompt: v1.0
generated: 2mo ago
Review the decoded actions ↗

04Actions

3 total
#0addAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
addAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))
Arguments
{
  "cometProxy": "0xe85Dc543813B8c2CFEaAc371517b925a166a9293",
  "assetConfig": [
    "0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48",
    "0x40fCEe8Cdda01522846D197df9d9C1199B1CB1D3",
    "6",
    "800000000000000000",
    "850000000000000000",
    "900000000000000000",
    "10000000000000"
  ]
}
Calldata
#1addAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
addAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))
Arguments
{
  "cometProxy": "0xe85Dc543813B8c2CFEaAc371517b925a166a9293",
  "assetConfig": [
    "0xdAC17F958D2ee523a2206206994597C13D831ec7",
    "0x8a5C2E36E02fB1BA95C9a3e96E6E16BbBDae9AAA",
    "6",
    "800000000000000000",
    "850000000000000000",
    "900000000000000000",
    "10000000000000"
  ]
}
Calldata
#2deployAndUpgradeTo(address,address)chain 0x1
Target
0x1ec6…8779
Value
0 wei
Function
deployAndUpgradeTo(address,address)
Arguments
{
  "cometProxy": "0xe85Dc543813B8c2CFEaAc371517b925a166a9293",
  "configuratorProxy": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3"
}
Calldata

05Tally

Summed from votes

Voters0
VP participating0
Outcome (current)—
Current support—

06Voters

0 total

No votes recorded yet.

07Forum

AIForum synthesis by Kvorumclaude-haiku-4-5
sentiment · favorablethread · constructive

Arguments for

  • Adding USDC and USDT as collateral on Mainnet WETH and WBTC comets will expand borrowing options and improve market efficiency without excessive risk, as supported by Gauntlet's risk analysis showing slippage well below liquidation penalties.— Gauntlet, dmitriywoofsoftware

Arguments against

None surfaced.

Unresolved concerns

  • Discrepancy between Gauntlet's recommended collateral factors and liquidation penalties for WETH (83% CF, 7% LP) versus WBTC (80% CF, 10% LP) and how these align with existing parameters on USDC and USDT comets.— Gauntlet
  • Whether the supply caps of 20M for WETH and 10M for WBTC are appropriately calibrated for actual market demand and liquidity conditions.— Gauntlet

Notable participants

  • GauntletRisk analysis provider who recommended risk parameters with supply caps, collateral factors, liquidation factors, and liquidation penalties based on slippage analysis.
  • dmitriywoofsoftwareWOOF protocol implementer who submitted the governance proposal and technical implementation including PRs, testing, and Tenderly simulations.
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
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