Add weETH as collateral into cWETHv3 on Base
Proposal summary
Compound Growth Program [AlphaGrowth] proposes to add weETH into cWETHv3 on Base network. This proposal takes the governance steps recommended and necessary to update a Compound III WETH 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 weETH to the WETH 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 |
|---|---|---|
 0x683a...D26C02 | 90,066 | FOR |
 0x2210...cCd02E | 85,875 | FOR |
 Wintermute Governance | 80,003 | FOR |
 FranklinDAO (Prev. Penn Blockchain) | 70,000 | FOR |
 0xed11...a5bb04 | 50,003 | FOR |
VOTE POWER
Proposal Status
- Wed August 28 2024, 11:58 amVoting Period Starts
- Sat August 31 2024, 06:05 amEnd Voting Period
- Sat August 31 2024, 06:06 amQueue Proposal
- Mon September 02 2024, 06:08 amExecute Proposal
Current Results
1-FOR
611,738.44
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens