Add weETH as Collateral to USDT, USDC and USDS markets on Mainnet

Add collateral weETH to market USDC on the Mainnet network.

PR - Add weETH as collateral for USDS, USDC, USDT markets by artemwoofsoftware · Pull Request #132 · woof-software/comet · GitHub

Recommendations

Name weETH
1 SupplyCap 12000(e18)
2 weETH token Decimals 18
3 weETH token Address 0xCd5fE23C85820F7B72D0926FC9b05b43E359b7ee
4 Collateral Factor 75%
5 Liquidation Factor 80%
6 Liquidation Penalty 10%

All deployed contracts during deployment/preparation.

Contract name Contract address Link to contract Description Is Verified Explorer
1 MultiplicativePriceFeed 0xE26A969Ffd2EF1434c1c6955F8202DCC41e821C0 MultiplicativePriceFeed | Address 0xE26A969Ffd2EF1434c1c6955F8202DCC41e821C0 | Etherscan weETH/USD exchange rate price feed True Etherscan

Actions

Action name Link Status
1 Run Slither Link Fail
2 Run Unit Tests Link Success
3 Run Forge Tests Link Success
4 Run ESLint Link Success
5 Run Semgremp Link Success
6 Run Contact Linter Link Success
7 Run Tests With Gas Profiler Link Success
8 Run Scenarios Link Success
9 Run Prepare Link Success
10 Run Enact impersonate Link Success
11 Run Enact impersonate Link Run by delegator

Artifacts

Name Value
1 Migration name 1739871581_add_weeth_as_collateral
2 Branch name woof-software/add-weeth-stables
3 Prepare id 13444116418
4 Network mainnet
5 Deployment usdc

Description

Add weETH as collateral into cUSDCv3 on Mainnet\n\n

Proposal summary\n\n

Compound Growth Program [AlphaGrowth] proposes to add weETH into cUSDCv3 on Ethereum network. This proposal takes the governance steps recommended and necessary to update a Compound III WETH market on Ethereum. 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 on the recommendations from Gauntlet.\n\n

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

Proposal Actions\n\n

The first action adds weETH asset as collateral with corresponding configurations.\n\n

The second action deploys and upgrades Comet to a new version.