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Final changes to supply caps; proposal text; WETH transfer amount#662

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jflatow merged 1 commit intojflatow/mainnet-eth-livefrom
jflatow/mainnet-eth-live-final
Jan 14, 2023
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Final changes to supply caps; proposal text; WETH transfer amount#662
jflatow merged 1 commit intojflatow/mainnet-eth-livefrom
jflatow/mainnet-eth-live-final

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@jflatow jflatow commented Jan 14, 2023

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@jflatow jflatow changed the title Final changes to supply caps; proposal text; WETH transfer amt XXX? Final changes to supply caps; proposal text; WETH transfer amount Jan 14, 2023
},
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const description = "# Initialize cWETHv3 on Ethereum" // XXX fill me in
const description = "# Initialize cWETHv3 on Ethereum\n\nAs per [the discussion on the forum](https://www.comp.xyz/t/initialize-compound-iii-weth-on-ethereum/3737), Compound Labs has deployed 7 new contracts to mainnet Ethereum in preparation to launch a new cWETHv3 market. Further deployment info can be found on the corresponding [deployment pull request](https://github.com/compound-finance/comet/pull/587\n) to the Comet repository.\n\nThis proposal takes the governance steps recommended and necessary in order to enable the new market. Further detailed information about how the proposal was made can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/608).\n\nOnce this proposal is executed, the new cWETHv3 market should be ready for use. Simulations have confirmed this, using the entire [Comet scenario suite](https://github.com/compound-finance/comet/tree/main/scenario).\n\nAlthough the proposal sets the entire configuration in the Configurator, the initial deployment already has most of these same parameters already set. The only actual differences in parameters from the existing deployment implementation are: \n - to raise the supply caps to 80,000 wstETH and 9,000 cbETH, and\n - to set the COMP supply rewards speed to ~38.7 COMP per day, corresponding to the amount cut from cETH(v2)\n\n## Proposal\n\nThe first proposal action sets the cETH(v2) COMP reward speeds to zero in the Comptroller.\n\nThe second action sets the CometFactory for the new Comet instance in the existing Configurator.\n\nThe third action configures the Comet instance in the Configurator.\n\nThe fourth action deploys an instance of the newly configured factory and upgrades the Comet instance to use that implementation.\n\nThe fifth action configures the existing rewards contract for the newly deployed Comet instance.\n\nThe sixth action is to wrap 1,000 ETH from the Timelock, and finally transfer 1,000 WETH to the new Comet instance, in order to seed reserves.\n" // XXX
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link ends with a newline:

[deployment pull request](https://github.com/compound-finance/comet/pull/587\n)

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Ok this proposal text is still XXX and going to be updated again (also as TODO on the branch being merged into)

@jflatow jflatow merged commit 41bc413 into jflatow/mainnet-eth-live Jan 14, 2023
jflatow added a commit that referenced this pull request Jan 17, 2023
Also copy bulker to usdc roots and fix scen test fixes
jflatow added a commit that referenced this pull request Jan 24, 2023
* Proposal to enable cWETHv3 market

* Modify proposal to add rewards
* Update the supply caps based on Gauntlet recommendations (#629)
 https://hackmd.io/wncIvkFTReWUe2AMMK2ezA?view
* Refactor proposal to make market live (#640)

* If there are migrations, don't run the non-migrations

This allows a proposal branch to pass CI if the migration is required and is generally the intention for migration branches.

However an env var is still supported to override and force running the non-migration, too.

* Final changes to supply caps; proposal text; WETH transfer amt (#662)

Also copy bulker to usdc roots and fix scen test fixes

* Deploy cWETHv3 to Goerli (#646)

This PR adds a new `goerli-weth` base and deploy script for the Goerli cWETHv3 deploy.

The deploy script is very similar to the mainnet cWETHv3 script. The main differences are:
- Deploying price feeds for stETH / ETH and cbETH / ETH
- Pulling in extra testnet/cross-chain contracts such as `fauceteer` and `fxRoot` using `fromDep`
- Cloning over `cbETH` from mainnet
- Minting `cbETH` to `fauceteer`

* Modified migration from GitHub Actions

Co-authored-by: Kevin Cheng <kevincheng96@hotmail.com>
Co-authored-by: GitHub Actions Bot <>
jflatow added a commit that referenced this pull request Jan 24, 2023
* Mainnet ETH Deployment

* Update Github Actions to include mainnet-eth
* ETH-base bulker scenario
* WstETHPriceFeed + tests (#600)
* Non-ETH and ETH bulker scenarios (all actions in one txn)
* Mainnet WETH Bulker (#611)
* Add a supply cap constraint and set initial caps to 0 for cWETHv3
* Update the collateral params based on Gauntlet recommendations (#628)
 https://hackmd.io/wncIvkFTReWUe2AMMK2ezA?view
* Price feeds for WETH deployment + Bulker changes for OZ audit (#625)
 This PR implements and modifies price feeds to support the upcoming WETH deployment. The favored plan so far is to use ETH-denominated price feeds as opposed to USD price feeds, but stick with using 8 decimals for prices to avoid having to change the `Comet` and `Configurator` implementations.
 This would require:
  - A new wrapper price feed (`ScalingPriceFeed.sol`) that scales prices up or down to 8 decimals
  - A new `ConstantPriceFeed` that always returns 1e8 for the `WETH` base asset, since should always hold a 1:1 value with ETH
  - Modifications to the `WstETHPriceFeed` to return prices in terms of ETH instead of USD

 This is an alternative approach to #626, which is a more complex change but could be a better long-term solution.
 *Note: This PR also now contains the changes from #634 and #635, which address some suggestions made by OZ for their audit of `WstETHPriceFeed` and `Bulker`.*

* Refactor deploy to support second markets (#639)

* Refactor deploy to support second markets

* Add a fromDep to deployment manager which can be used for sharing dependency contracts from another deployment
* Always attempt to initialize storage if needed, and not necessarily as gov
* Always deploy an initial implementation contract instead of using the factory marker
* Only take gov admin actions if we own the cometAdmin
* Expose the primitives necessary for a proposal to configurate later, if/when admin cannot

* Add an env flag for migration constraint to skip non-migration scenarios
* Defer reading current config in modern constraint (bugfix)

* Add recipient to token sourcing blacklist

* WETH deployment audit changes (#641)

These are changes in response to the WETH deployment [audit](https://gist.github.com/andresbach/a01686b1ef8bdf51d46046f2cfc93307) conducted by OZ:

- **L01 - Lack of input validation** - We originally avoided zero address checks because there are a vast amount of accidental addresses that can be set here and checking for a specific one seems unnecessary. However, we have reconsidered that position after seeing the reasons for including a zero address check listed in this [post](https://forum.openzeppelin.com/t/removing-address-0x0-checks-from-openzeppelin-contracts/2222/13).
- **L02 - Improper implementation of Chainlink AggregatorV3Interface** - We updated the hard-coded return values for `roundId` and `answeredInRound` to be 1 to comply with the Chainlink specification.
- **L04 - Incomplete/confusing documentation** - We updated the documentation based on the provided suggestions.

Our full audit responses are [here](https://docs.google.com/document/d/1A8TrUdTtD7DXr1U5HOqSS1Xl81rjBZdlDC7LS4No4Bw).

* Spider USDC deployment before calling `fromDep` (#644)

We need to spider the `USDC` deployment before calling `fromDep` on it so all the aliases are populated in the cache. Otherwise, `fromDep` may try to import an `undefined` contract. 

There are many approaches to this and this PR takes the simplest approach of spidering in the deploy script. Another approach could be to handle the spidering directly in `fromDep`.

* Convert from scientific notation to bigint in configuration (#643)

This PR adds a new `ScientificNotation` string type to `NetworkConfiguration` that is required for certain fields (e.g. `supplyCap`, `baseMinForRewards`). The configuration parser will safely convert these values into bigints without losing precision; with one caveat, scientific notations that use decimals in the coefficient still run the risk of precision loss because those are converted directly to javascript numbers.

* Explicit supply cap constraint for failing bulker scen (#648)

* Add tracking index bounds unit tests for WETH (#645)

* Update params and rate model final numbers for deployment

* OnChainLiquidator (#642)

Update the reference liquidator to source from more pools and generally be more robust

* Fix fromDep to spider the dependency and load the contract from it (#652)

* bump targetReserves in LiquidationBotScenarios (#653)

* delete CURVE_REGISTRY (#654)

* OnChainLiquidator, not Liquidator (#655)

* Combined model based on Gauntlet's first and second recommendations (#656)

* Wrap and unwrap native token as base asset in Bulker (#659)

* Add tests for supply native token; clean up
* Change supplyStETH to use stETH amount instead of wstETH amount; add scenarios
* Tweak comments
* Supplying uint256.max collateral reverts in WETH deposit not Comet

* Modified deployment roots from GitHub Actions

* Proposal to enable cWETHv3 market (#608)

* Proposal to enable cWETHv3 market

* Modify proposal to add rewards
* Update the supply caps based on Gauntlet recommendations (#629)
 https://hackmd.io/wncIvkFTReWUe2AMMK2ezA?view
* Refactor proposal to make market live (#640)

* If there are migrations, don't run the non-migrations

This allows a proposal branch to pass CI if the migration is required and is generally the intention for migration branches.

However an env var is still supported to override and force running the non-migration, too.

* Final changes to supply caps; proposal text; WETH transfer amt (#662)

Also copy bulker to usdc roots and fix scen test fixes

* Deploy cWETHv3 to Goerli (#646)

This PR adds a new `goerli-weth` base and deploy script for the Goerli cWETHv3 deploy.

The deploy script is very similar to the mainnet cWETHv3 script. The main differences are:
- Deploying price feeds for stETH / ETH and cbETH / ETH
- Pulling in extra testnet/cross-chain contracts such as `fauceteer` and `fxRoot` using `fromDep`
- Cloning over `cbETH` from mainnet
- Minting `cbETH` to `fauceteer`

* Modified migration from GitHub Actions

Co-authored-by: Kevin Cheng <kevincheng96@hotmail.com>
Co-authored-by: scott-silver <scott@compound.finance>
Co-authored-by: GitHub Actions Bot <>
@jflatow jflatow deleted the jflatow/mainnet-eth-live-final branch February 1, 2023 17:25
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