Add wstETH as collateral into cUSDCv3 on Arbitrum
Proposal summary
Compound Growth Program [AlphaGrowth] proposes to add wstETH into cUSDCv3 on Arbitrum network. This proposal takes the governance steps recommended and necessary to update a Compound III USDC market on Arbitrum. 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.
Proposal Actions
The first proposal action adds wstETH to the USDC Comet on Arbitrum. This sends the encoded addAsset and deployAndUpgradeTo calls across the bridge to the governance receiver on Arbitrum.
| 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 |
 0xed11...a5bb04 | 50,003 | FOR |
VOTE POWER
Proposal Status
- Tue July 16 2024, 09:34 amVoting Period Starts
- Fri July 19 2024, 03:34 amEnd Voting Period
- Fri July 19 2024, 03:34 amQueue Proposal
- Sun July 21 2024, 03:36 amExecute Proposal
Current Results
1-FOR
538,570.4
2-ABSTAIN
32,501.277
3-AGAINST
N/A Tokens