Add wstETH as collateral into cUSDCv3 on Base
Proposal summary
Compound Growth Program [AlphaGrowth] proposes to add wstETH into cUSDCv3 on Base network. This proposal takes the governance steps recommended and necessary to update a Compound III USDC market on Base. 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 Base. This sends the encoded addAsset and deployAndUpgradeTo calls across the bridge to the governance receiver on Base.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x2210...cCd02E | 143,997 | FOR |
 Wintermute Governance | 80,003 | FOR |
 FranklinDAO (Prev. Penn Blockchain) | 70,000 | FOR |
 0x7AE1...22E585 | 50,007 | FOR |
 0xB49f...EC7948 | 50,000 | FOR |
VOTE POWER
Proposal Status
- Thu August 01 2024, 10:19 amVoting Period Starts
- Sun August 04 2024, 04:22 amEnd Voting Period
- Sun August 04 2024, 04:24 amQueue Proposal
- Tue August 06 2024, 04:26 amExecute Proposal
Current Results
1-FOR
528,993.5
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens