[COMPOUND] Update rsETH and weETH price feeds in cWETHv3 on Mainnet
Proposal summary
This proposal updates existing price feeds for rsETH and weETH collaterals in the WETH market on Mainnet from market rates to exchange rates. If exchange rate oracles are implemented, Gauntlet can recommend more capital efficient parameters as the asset remains insulated from market movements, although this exposes it to tail-end risks. The exchange rate based risk parameters could facilitate higher caps and Liquidation Factors along with more conservative Liquidation Penalties.
Further detailed information can be found on the corresponding proposal pull request, forum discussion for rsETH and forum discussion for weETH.
Proposal Actions
The first proposal action updates rsETH price feed from market rate to exchange rate.
The second proposal action updates weETH price feed from market rate to exchange rate.
The third action deploys and upgrades Comet to a new version.
Off-Chain Vote
Against
0 HVAXVC0%
For
12 HVAXVC92.3%
Abstain
1 HVAXVC7.7%
Timeline
Jul 13, 2024Proposal created
Jul 15, 2024Proposal vote started
Jul 17, 2024Proposal vote ended
Mar 26, 2026Proposal updated