cCOMP uses a new JumpRateModelV2 interest rate model with the following parameters:
- 2% APY borrow base rate
- 20% APY borrow rate at kink
- Kink at 80% utilization
- 100% APY borrow rate at 100% utilization
We propose a 20% reserve factor and collateral factor of 60% inline with cUNI. Additionally, we plan to set an initial borrow cap of 50k COMP.
A new PriceFeed is not needed for this new market, as the current price feed already supports COMP. The addition of the new market is simulated in a fork using this notebook (a fork of @jared notebook), ensuring expected behavior.
The following call was used to deploy the cCOMP contract:
npx saddle deploy -n mainnet \ CErc20Delegator \ 0xc00e94cb662c3520282e6f5717214004a7f26888 \ 0x3d9819210A31b4961b30EF54bE2aeD79B9c9Cd3B \ 0xd956188795ca6f4a74092ddca33e0ea4ca3a1395 \ 200000000000000000000000000 \ "Compound Collateral" \ "cCOMP" \ 8 \ 0x6d903f6003cca6255D85CcA4D3B5E5146dC33925 \ 0x338f7e5d19d9953b76dd81446b142c2d9fe03482 \ "0x"