KVORUM
compoundSource: Compound governor oz · #539

Depreciate cWRONv3 on Ronin

executedFeb 23, 2026, 08:53 AM UTCbyD20xd2a7…5a0c

01Summary

AISummary by Kvorumclaude-haiku-4-5

This proposal deprecates the cWRONv3 market on Ronin by updating price feeds to API3 (as Chainlink is ending support), setting supply caps to 0, reducing collateral factors, increasing liquidation penalties, and adjusting interest rate curve parameters to discourage new suppliers while preventing liquidations of existing users.

Type
protocol deprecation
Funding
$1.002343009120489032

Key changes

  • Update price feeds for USDC, WETH, AXS, and WRON to API3 oracle due to Chainlink ending Ronin support(high)
  • Set supply caps to 0 for all collateral assets(high)
  • Reduce collateral factors for assets(high)
  • Increase liquidation penalties to disincentivize market usage and reduce risk(high)
  • Update interest rate curve parameters including borrow and supply rates, kinks, and slopes(high)
  • Deploy and upgrade to new configuration via deployAndUpgradeTo(high)

Notable concerns

  • Market deprecation will prevent new suppliers from entering
  • Capital efficiency reduced by design to make market less appealing
  • Existing users will not be liquidated but face reduced market functionality
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

197 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 first proposal action approves the L1CCIPRouter to transfer GHO stable token from the timelock to pay for the proposal execution fee on Ronin.

The second proposal action 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 describes a two-step process: (1) approving the CCIP router to pull GHO to cover the Ronin execution fee, and (2) sending an encoded governance payload to Ronin that updates price feeds to API3, zeroes supply caps, reduces collateral factors, raises liquidation penalties, updates eight interest-rate curve parameters, and finally calls deployAndUpgradeTo. Decoding the calldata: action 0 is a standard approve() call matching the fee-payment claim. Action 1 is a ccipSend() whose embedded bytes contain function selectors matching setBaseTokenPriceFeed, three updateAsset calls (which in Compound III bundle price feed, collateral factor, liquidation factor, and supply cap changes for each collateral asset), the eight named interest-rate setter functions, and a final deployAndUpgradeTo call — all of which line up one-to-one with the bullet points in the description. Because the updateAsset struct is ABI-encoded as opaque bytes, I cannot independently verify the exact numeric values (supply cap = 0, specific collateral factor reductions, specific penalty increases) against the prose, so confidence is medium rather than high. However, no selector or target address in the decoded payload contradicts the description, and there is no evidence of extra hidden actions, misdirected targets, or omitted major operations. Given the strong structural match and no detected numeric or target contradictions, this is assessed as consistent, with the residual uncertainty solely due to encoding opacity rather than any identified mismatch.'

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

04Actions

2 total
#0approve(address,uint256)chain 0x1
Target
0x40d1…6c2f
Value
0 wei
Function
approve(address,uint256)
Arguments
{
  "amount": "1002343009120489032",
  "address": "0x80226fc0Ee2b096224EeAc085Bb9a8cba1146f7D"
}
Calldata
#1ccipSend(uint64,(bytes,bytes,(address,uint256)[],address,bytes))chain 0x1
Target
0x8022…6f7d
Value
0 wei
Function
ccipSend(uint64,(bytes,bytes,(address,uint256)[],address,bytes))
Arguments
{
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    [],
    "0x40D16FC0246aD3160Ccc09B8D0D3A2cD28aE6C2f",
    "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 ↗