Withdraw 100K USDC from the Linea cUSDCv3 reserves
01Summary
Withdraw 100,000 USDC from the Compound III USDC market on Linea and bridge it via CCTP to the Compound Timelock on Ethereum Mainnet.
- Type
- treasury allocation
- Funding
- $100,000 USDC (described as $100,000)
Key changes
- Withdraw 100,000 USDC from the Linea cUSDCv3 reserves to the Linea Timelock.(high)
- Approve the CCTP TokenMessenger to use 100,000 USDC, then burn the USDC on Linea for minting to the Mainnet Timelock through CCTP, with no fee stated.(high)
- Execution follows the Linea Timelock delay; minting on Ethereum Mainnet occurs after the CCTP attestation is relayed.(medium)
Generated by Kvorum
02Description
Withdraw 100K USDC from the Linea cUSDCv3 reserves
Proposal summary
This proposal withdraws 100,000 USDC from the reserves of the Compound III USDC market on Linea and bridges it back to the Compound Timelock on Ethereum Mainnet using Circle's native Cross-Chain Transfer Protocol (CCTP).
Proposal actions
The first action sends a message through the Linea Message Service to the Linea Bridge Receiver, which queues the following calls on the Linea network:
- Call
withdrawReserves(address,uint256)on the Linea cUSDCv3 to withdraw 100,000 USDC to the Linea Timelock. - Approve the CCTP TokenMessenger to spend 100,000 USDC from the Linea Timelock.
- Call
depositForBurnon the CCTP TokenMessenger to burn the USDC on Linea and mint it to the Mainnet Timelock (CCTP standard transfer, no fee).
Once the Linea Timelock delay has passed and the queued transactions are executed, the USDC is minted to the Mainnet Timelock after the CCTP attestation is relayed on Ethereum Mainnet.
03Mismatch analysis
The embedded message contains exactly the three calls described: reserve withdrawal, token approval, and CCTP burn. Each amount is 100,000,000,000 base units, equivalent to 100,000 USDC at six decimals. The approval spender matches the depositForBurn target, and the approved token matches the burn token. Destination domain 0 and finality threshold 2000 match a standard transfer to Ethereum; maximum fee 0 matches the no-fee claim. The description correctly distinguishes the initial message from later Linea execution and Ethereum attestation relay, rather than claiming immediate minting. No additional substantive calls appear. The supplied data does not independently label the contract addresses, so their named identities cannot be separately verified here; there is no explicit address conflict in the description.
Generated by Kvorum
04Actions
- Target
- 0xd19d…876f
- Value
- 0 wei
- Function
- sendMessage(address,uint256,bytes)
- Arguments
{ "_to": "0x1F71901daf98d70B4BAF40DE080321e5C2676856", "_fee": "0", "_calldata": "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" }- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| 660x66cd…65f9 | for | 80.2K | 13.49% | — | 1mo ago |
| B40xb49f…7948 | for | 60K | 10.09% | — | 1mo ago |
| 070x0703…961b | for | 60K | 10.09% | — | 1mo ago |
| 050x0579…ca09 | for | 60K | 10.09% | — | 1mo ago |
| B70xb792…89d7 | for | 60K | 10.09% | — | 1mo ago |
| B90xb933…8dd1 | for | 60K | 10.09% | — | 1mo ago |
| 170x1729…b879 | for | 60K | 10.09% | — | 1mo ago |
| 3F0x3fb1…4c8a | for | 54.5K | 9.16% | — | 1mo ago |
| C50xc554…7759 | for | 40K | 6.73% | — | 1mo ago |
| 1F0x1f3d…0591 | for | 33.4K | 5.61% | — | 1mo ago |
| 5B0x5b29…ede3 | for | 25.2K | 4.24% | — | 1mo ago |
| 2B0x2b38…bf33 | for | 1.3K | 0.21% | — | 1mo ago |
| E90xe93d…e2b5 | for | 5.9 | 0.00% | — | 1mo ago |
| CA0xca24…7662 | for | 5.3 | 0.00% | — | 1mo ago |
| 9F0x9f77…2768 | for | 1 | 0.00% | — | 1mo ago |
| 2F0x2f2f…f78a | for | 0.5 | 0.00% | — | 1mo ago |
| 880x88f6…0ec0 | for | 0 | 0.00% | — | 1mo ago |
07Forum
No forum thread is confidently linked to this proposal.