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Event HorizonEvent Horizonby0xFAD69Bd739c64cC8e3f1C3bb3B60fe4f160174Cchvax.eth

[COMPOUND] Add weETH as collateral into cWETHv3 on Optimism

Voting ended over 1 year agoSucceeded

Proposal summary

Compound Growth Program [AlphaGrowth] proposes to add weETH into cWETHv3 on Optimism network. This proposal takes the governance steps recommended and necessary to update a Compound III WETH 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 weETH to the WETH 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/312

Off-Chain Vote

Against
1 HVAXVC7.7%
For
10 HVAXVC76.9%
Abstain
2 HVAXVC15.4%
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Timeline

Aug 26, 2024Proposal created
Aug 28, 2024Proposal vote started
Aug 29, 2024Proposal vote ended
Feb 18, 2026Proposal updated