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Event HorizonEvent Horizonby0xFAD69Bd739c64cC8e3f1C3bb3B60fe4f160174Cchvax.eth

[COMPOUND] Add wrsETH as collateral into cWETHv3 on Base

Voting ended over 1 year agoSucceeded

Proposal summary

Compound Growth Program [AlphaGrowth] proposes to add wrsETH 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 wrsETH to the WETH Comet on Base. This sends the encoded addAsset and deployAndUpgradeTo calls across the bridge to the governance receiver on Base.

https://compound.finance/governance/proposals/319

Off-Chain Vote

Against
0 HVAXVC0%
For
13 HVAXVC86.7%
Abstain
2 HVAXVC13.3%
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Timeline

Sep 03, 2024Proposal created
Sep 05, 2024Proposal vote started
Sep 06, 2024Proposal vote ended
Mar 26, 2026Proposal updated