Update price feeds in cUSDCv3 on Arbitrum with SVR price feeds.
01Summary
This proposal updates price feeds for WETH, ARB, WBTC, and USDC assets on the cUSDCv3 market on Arbitrum to use SVR (Secure Value Recovery) price feeds. SVR will generate revenue from liquidators that flows to the Compound DAO as protocol fees, with the fee recipient set to the Compound DAO multisig.
- Type
- protocol addition
Key changes
- Update WETH price feed to SVR implementation on Arbitrum cUSDCv3 market(high)
- Update ARB price feed to SVR implementation on Arbitrum cUSDCv3 market(high)
- Update WBTC price feed to SVR implementation on Arbitrum cUSDCv3 market(high)
- Update USDC price feed to SVR implementation on Arbitrum cUSDCv3 market(high)
- Set Compound DAO multisig (0xd9496F2A3fd2a97d8A4531D92742F3C8F53183cB) as fee recipient for SVR oracle-extractable value revenue(medium)
Generated by Kvorum
02Description
Update price feeds in cUSDCv3 on Arbitrum with SVR price feeds.
Proposal summary
This proposal updates existing price feeds for WETH, ARB, WBTC and USDC assets on the USDC market on Arbitrum.
Further detailed information can be found on the corresponding proposal pull request and forum discussion for SVR.
SVR fee recipient
SVR generates revenue from liquidators and Compound DAO will receive that revenue as part of the protocol fee. The fee recipient for SVR is set to Compound DAO multisig: 0xd9496F2A3fd2a97d8A4531D92742F3C8F53183cB.
Proposal actions
The first action updates WETH, ARB, WBTC and USDC price feeds to the SVR implementation. This sends the encoded 'updateAssetPriceFeed' and 'deployAndUpgradeTo' calls across the bridge to the governance receiver on Arbitrum.
03Mismatch analysis
The proposal describes a single cross-chain governance action that updates the WETH, ARB, WBTC, and USDC (base) price feeds on the Arbitrum USDC Comet market to SVR-enabled feeds, followed by a deployAndUpgradeTo call to activate the new implementation. The single decoded on-chain action is a createRetryableTicket call bridging an ABI-encoded payload to the Arbitrum governance receiver. Decoding the embedded function selector list shows exactly the functions the description claims: three 'updateAssetPriceFeed(address,address,address)' calls, one 'setBaseTokenPriceFeed(address,address)' call (for the base/USDC feed), and one 'deployAndUpgradeTo(address,address)' call — matching the four assets (WETH, ARB, WBTC, USDC) and the upgrade step described. The retryable-ticket gas parameters (fee, gas limit, refund addresses) are standard bridging mechanics not mentioned in the prose, which is expected boilerplate for L1->L2 governance messages and not a discrepancy. The description also states that the SVR fee recipient is set to the Compound DAO multisig (0xd9496F2A...); this exact address does not appear among the addresses in the decoded calldata, but this is consistent with SVR fee-recipient configuration being baked into the already-deployed SVR price feed contracts referenced by address in the updateAssetPriceFeed calls, rather than being a distinct action performed by this proposal — so this is not flagged as a contradiction, only as unverifiable detail. Overall, the on-chain action count, function names, and general intent align closely with the prose description, so no discrepancy is warranted; confidence is medium because the specific address-to-asset mapping (which address is WETH vs ARB vs WBTC) inside the raw calldata could not be fully decoded from the provided data alone.
Generated by Kvorum
04Actions
- Target
- 0x4dbd…ab3f
- Value
- 3673743500000000 wei
- Function
- createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)
- Arguments
{ "to": "0x42480C37B249e33aABaf4c22B20235656bd38068", "data": "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", "gasLimit": "2102667", "l2CallValue": "0", "maxFeePerGas": "500000000", "maxSubmissionCost": "2622410000000000", "callValueRefundAddress": "0x3fB4d38ea7EC20D91917c09591490Eeda38Cf88A", "excessFeeRefundAddress": "0x3fB4d38ea7EC20D91917c09591490Eeda38Cf88A" }- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
No forum thread is confidently linked to this proposal.
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