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Event HorizonEvent Horizonby0xFAD69Bd739c64cC8e3f1C3bb3B60fe4f160174Cchvax.eth

[COMPOUND] Update USDC and USDT Comets on Polygon to support more collaterals

Voting ended 25 days agoFailed

Update USDC and USDT Comets on Polygon to support more collaterals

Proposal summary

WOOF! proposes to update both Polygon Comets to a new version, which supports up to 24 collaterals. This proposal takes the governance steps recommended and necessary to update Compound III USDT and USDC markets on Polygon. Simulations have confirmed the market’s readiness, as much as possible, using the Comet scenario suite.

Further detailed information can be found on the corresponding proposal pull request and forum discussion.

Proposal Actions

The first action sets the factory to the newly deployed factory, extension delegate to the newly deployed contract and deploys and upgrades Comet to a new version for all 2 comets: cUSDTv3 and cUSDCv3.

https://tally.xyz/gov/compound/proposal/567

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Timeline

Apr 08, 2026Proposal created
Apr 10, 2026Proposal vote started
Apr 11, 2026Proposal vote ended
May 05, 2026Proposal updated