Add tBTC to the USDC market on Base
PR - Add tBTC to cUSDCv3 on Base by MishaShWoof · Pull Request #998 · compound-finance/comet · GitHub
PR(woof) - Add tBTC to cUSDCv3 on Base by MishaShWoof · Pull Request #168 · woof-software/comet · GitHub
Proposal - WIP
Recommendations
The recommendations provided by Gauntlet
| № | Name | tBTC |
|---|---|---|
| 1 | SupplyCap | 75(e18) |
| 2 | tBTC token Decimals | 18 |
| 3 | tBTC token Address | 0x236aa50979D5f3De3Bd1Eeb40E81137F22ab794b |
| 4 | Collateral Factor | 80% |
| 5 | Liquidation Factor | 85% |
| 6 | Liquidation Penalty | 10% |
Actions
| № | Action name | Link | Status |
|---|---|---|---|
| 1 | Run Slither | Link | Fail |
| 2 | Run Forge Tests | Link | Success |
| 3 | Run Tests With Gas Profiler | Link | Success |
| 4 | Run Semgremp | Link | Success |
| 5 | Run Scenarios (base-usdc) | Link | Success |
| 6 | Run Unit Tests | Link | Success |
| 7 | Run ESLint | Link | Success |
| 8 | Run Contact Linter | Link | Success |
| 9 | Run Enact impersonate | Link | Success |
| 10 | Run Enact (by delegator) | Link | WIP |
Artifacts
| № | Name | Value |
|---|---|---|
| 1 | Migration name | 1750949976_add_tbtc_as_collateral |
| 2 | Branch name | woof-software/add-tbtc-to-usdc-base |
| 3 | Prepare id | - |
| 4 | Network | base |
| 5 | Deployment | usdc |
Add tBTC as collateral into cUSDCv3 on Base\n\n
Proposal summary\n\n
WOOF! proposes to add tBTC into cUSDCv3 on Base network. This proposal takes the governance steps recommended and necessary to update a Compound III USDC market on Base. 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 off of the recommendations from Gauntlet.\n\n](Add collateral tBTC to Compound Base Market - #7 by Gauntlet).%5Cn%5Cn)
Further detailed information can be found on the corresponding proposal pull request and forum discussion.\n\n\n](Add collateral tBTC to Compound Base Market).%5Cn%5Cn%5Cn)
Proposal Actions\n\n
The first proposal action adds tBTC to the USDC Comet on Base. This sends the encoded addAsset and deployAndUpgradeTo calls across the bridge to the governance receiver on Base.