[Gauntlet] Pausing Ethereum USDC, USDS, and USDT Comets

Appreciate your work and that of the community multisig members to follow through despite the failure of the renewal proposal (and associated remuneration for the on-call nature of this work).

That said, I’m chiming in to voice the opinion that no matter how justifiable the circumstances, withdrawal downtime must be kept to a minimum. The longer these Comets are paused, the easier it is for lenders to second-guess the expected redeemability of deposits, for misinformation to spread, and for loss of confidence to take root.

Proposal 491, which locks down the risks addressed in the interim by this pause, should be executable in about 36 hours. I encourage signers to treat unpausing of these Comets with the same level of diligence and urgency that was applied to the pause.

As one of the two Against votes for listing deUSD and sdeUSD as collateral on mainnet USDC and USDT Comets, I think users would be justifiably upset to see that these listings have come to necessitate a pause on some of Compound’s most important markets within months of listing. The pause should force delegates to redouble their commitment to researching asset safety, liquidity, and oracle considerations for new collateral, especially on major Comets like mainnet stablecoin Comets.

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