Add osETH as collateral into cWETHv3 on Mainnet
Proposal summary
Compound Growth Program [AlphaGrowth] proposes to add osETH into cWETHv3 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 osETH.
Further detailed information can be found on the corresponding proposal pull request and forum discussion osETH.
Price feed
Chainlink does not have osETH/ETH price feed on their website, however, Chainlink team ensured us that this address is the native exchange rate price feed
Proposal Actions
The first action adds osETH asset as collateral with corresponding configurations.
The second action deploys and upgrades Comet to a new version.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 Wintermute Governance | 53,964 | FOR |
 0x683a...D26C02 | 50,066 | FOR |
 0x7AE1...22E585 | 50,007 | FOR |
 0xed11...a5bb04 | 50,003 | FOR |
 0xB49f...EC7948 | 50,002 | FOR |
VOTE POWER
Proposal Status
- Mon July 01 2024, 07:13 pmVoting Period Starts
- Thu July 04 2024, 01:17 pmEnd Voting Period
- Thu July 04 2024, 01:18 pmQueue Proposal
- Sat July 06 2024, 01:20 pmExecute Proposal
Current Results
1-FOR
434,024.12
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens