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Event HorizonEvent Horizonby0xFAD69Bd739c64cC8e3f1C3bb3B60fe4f160174Cchvax.eth

[COMPOUND] Add wUSDM as collateral into cUSDCv3 on Optimism

Voting ended over 1 year agoSucceeded

Proposal summary

Compound Growth Program [AlphaGrowth] proposes to add wUSDM into cUSDCv3 on Optimism network. This proposal takes the governance steps recommended and necessary to update a Compound III USDC market on Optimism. 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 wUSDM to the USDC Comet on Optimism. This sends the encoded addAsset and deployAndUpgradeTo calls across the bridge to the governance receiver on Optimism.

https://compound.finance/governance/proposals/367

Off-Chain Vote

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0 HVAXVC0%
For
10 HVAXVC83.3%
Abstain
2 HVAXVC16.7%
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Timeline

Nov 16, 2024Proposal created
Nov 18, 2024Proposal vote started
Nov 20, 2024Proposal vote ended
Mar 26, 2026Proposal updated