Add ezETH as collateral into cWETHv3 on Mainnet
Proposal summary
Compound Growth Program [AlphaGrowth] proposes to add ezETH 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 off of the recommendations from Gauntlet.
Further detailed information can be found on the corresponding proposal pull request and forum discussion.
Yield Risk
Currently LRTs such as ezETH have elevated yields due to points program. EigenLayer maturity and AVS launch will cause yield shocks and consequentially elevate slippage magnitude and liquidity on DEXs. Gauntlet flags this potential risk to the community.
Proposal Actions
The first proposal action adds ezETH asset as collateral with the corresponding configuration.
The second action deploys and upgrades Comet to a new version.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x2210...cCd02E | 54,541 | FOR |
 Wintermute Governance | 53,964 | FOR |
 0x683a...D26C02 | 50,066 | FOR |
 0x7AE1...22E585 | 50,007 | FOR |
 0xB49f...EC7948 | 50,002 | FOR |
VOTE POWER
Proposal Status
- Wed July 10 2024, 06:23 pmVoting Period Starts
- Sat July 13 2024, 12:26 pmEnd Voting Period
- Sat July 13 2024, 12:28 pmQueue Proposal
- Mon July 15 2024, 12:30 pmExecute Proposal
Current Results
1-FOR
535,585.3
3-AGAINST
N/A Tokens