KVORUM
compoundSource: Compound governor oz · #525

Depreciate cWRONv3 on Ronin

expiredJan 31, 2026, 09:16 AM UTCby890x89f2…e8db

01Summary

AISummary by Kvorumclaude-haiku-4-5

This proposal deprecates the cWRON market on Ronin by updating price feeds to API3 (due to Chainlink discontinuing support), setting supply caps to 0 for collateral assets, reducing collateral factors, increasing liquidation penalties, and adjusting interest rate curve parameters to discourage new suppliers while preventing existing users from becoming liquidatable.

Type
parameter change

Key changes

  • Update USDC, WETH, AXS, and WRON price feeds from Chainlink to API3 oracle due to Chainlink ending Ronin support(high)
  • Set supply caps to 0 for all collateral assets to prevent new suppliers from entering the market(high)
  • Reduce collateral factors to decrease capital efficiency and make the market less appealing(high)
  • Increase liquidation penalties to further disincentivize usage and reduce risk to the comet(high)
  • Update interest rate curve parameters including base rates, slope rates, and kink points for both borrowing and supply side(high)

Notable concerns

  • Market deprecation strategy relies on parameter adjustments rather than direct market closure to avoid forcing liquidations of existing users
Contracts0xc0afdbd1ceb621ef576ba969ce9d4cef78dbc0c0
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

171 words

Depreciate cWRONv3 on Ronin

Proposal summary

This proposal updates price feeds to API3, since Chainlink soon will no longer support Ronin and updates interest rate curve parameters for WRON market on Ronin.

It is done to prevent new suppliers from entering the market, reduces capital efficiency, making the market less appealing without causing users to become liquidatable and raises liquidation penalty to further disincentivizes usage by increasing the cost of liquidation, while reducing risk to the comet.

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

Proposal actions

The proposal sends the following encoded calls to the governance receiver on Ronin:

  • Update USDC, WETH, AXS, and WRON price feeds to API3 oracle
  • Set supply caps to 0 for all collateral assets
  • Reduce collateral factors
  • Increase liquidation penalties
  • Update interest rate curve parameters:
    • setBorrowPerYearInterestRateBase
    • setBorrowPerYearInterestRateSlopeLow
    • setBorrowKink
    • setBorrowPerYearInterestRateSlopeHigh
    • setSupplyPerYearInterestRateBase
    • setSupplyPerYearInterestRateSlopeLow
    • setSupplyKink
    • setSupplyPerYearInterestRateSlopeHigh
  • Deploy and upgrade to new configuration via deployAndUpgradeTo.

03Mismatch analysis

AIMismatch analysis by Kvorummedium confidenceclaude-sonnet-5
Consistent

The proposal executes as a single top-level action (a Chainlink CCIP ccipSend call carrying an ETH fee) that forwards an ABI-encoded batch of calls to the Ronin governance receiver. Decoding the embedded message shows exactly the set of function selectors the description enumerates: setBaseTokenPriceFeed (for the WRON base token), three updateAsset calls (for USDC, WETH, AXS collateral, which bundle price feed, collateral factor, liquidation factor and supply-cap updates into one call each), the eight named interest-rate-curve setters in the same order listed in the description, and a trailing deployAndUpgradeTo call. This structurally matches every bullet in the 'Proposal actions' section: four price-feed updates (1 setBaseTokenPriceFeed + 3 updateAsset), supply-cap/collateral-factor/liquidation-penalty changes bundled inside the updateAsset structs, the full interest-rate curve update list, and the deploy-and-upgrade step. The ccipSend wrapper and its small fee payment are mechanical/boilerplate for the cross-chain messaging system described in the proposal ('sends the following encoded calls to the governance receiver on Ronin') and are not a hidden or contradictory action. Because the description is largely qualitative (it does not state specific numeric collateral-factor, penalty, or interest-curve values), and the underlying calldata is deeply nested ABI-encoded bytes that are hard to fully decode down to each numeric parameter, I could not verify every individual value with full certainty — hence medium rather than high confidence. However, no contradiction, missing action type, or extra action type was found between the prose and the decoded structure, so the assessment is consistent with no material discrepancies flagged.

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

04Actions

1 total
#0ccipSend(uint64,(bytes,bytes,(address,uint256)[],address,bytes))chain 0x1
Target
0x8022…6f7d
Value
173441454493742 wei
Function
ccipSend(uint64,(bytes,bytes,(address,uint256)[],address,bytes))
Arguments
{
  "message": [
    "0x0000000000000000000000002c7efa766338d33b9192db1fb5d170bdc03ef3f9",
    "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",
    [],
    "0x0000000000000000000000000000000000000000",
    "0x"
  ],
  "destinationChainSelector": "6916147374840168594"
}
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

  • Deprecating Ronin markets with zero supply caps and reduced collateral factors prevents new suppliers from entering while avoiding forced liquidations of existing users.— Gauntlet, dmitriywoofsoftware
  • Increased liquidation penalties reduce risk to the comet by disincentivizing usage without immediately harming existing positions.— Gauntlet, dmitriywoofsoftware
  • Migrating price feeds from Chainlink to API3 is necessary since Chainlink will no longer support Ronin.— dmitriywoofsoftware
  • All technical tests and simulations passed successfully, demonstrating the proposal is ready for implementation.— dmitriywoofsoftware

Arguments against

None surfaced.

Notable participants

  • GauntletRisk analyst who provided the initial deprecation strategy and parameter recommendations for Ronin markets.
  • dmitriywoofsoftwareCore contributor who implemented the technical proposals, ran all tests and simulations, and submitted both cWETHv3 and cWRONv3 deprecation proposals.
  • allthecolorsCommunity participant who raised a minor terminology correction about the word 'deprecate' versus 'depreciate'.
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Open the thread ↗