0x0703…961b

All memos sent from and to 0x0703…961b.

0x070341aa…961bsent to0x309a862b…c8c02025-12-15·#24,018,270·0x92958789…e8d860

In general, FranklinDAO highly support proposals that reduce COMP emissions. Moving toward a more optimal utilization is an added benefit.

0x070341aa…961bsent to0x309a862b…c8c02025-12-12·#23,998,594·0xb33a48c7…eb3362

We believe this increase of rewards is necessary to maintain Compound's general presence on chains other than Ethereum Mainnet.

0x070341aa…961bsent to0x309a862b…c8c02025-12-05·#23,943,385·0x731228f3…ce546e

FranklinDAO recognizes the service of Foundation in helping to secure the protocol and fully support reimbursement.

0x070341aa…961bsent to0x309a862b…c8c02025-12-05·#23,943,375·0xcb5ce809…f36bc5

FranklinDAO fully supports V2 Deprecation so full attention and resources can be directed toward V3 and future development.

0x070341aa…961bsent to0x309a862b…c8c02025-12-03·#23,929,370·0x58395aaa…11b3ce

We fully support delegating unused COMP tokens to the Foundation to increase active voting weight and help maintain governance participation when things are slow.

0x070341aa…961bsent to0x309a862b…c8c02025-12-02·#23,922,465·0xeaa8d5e2…56f285

We are abstaining because, despite Delegate Race 2’s success, we remain unconvinced that Compound’s broader governance direction and execution are sufficient to reverse its continued loss of relevance and market share unless more drastic action is taken: https://www.comp.xyz/t/rfc-renewing-the-community-multisig/7274/3?u=pennblockchain

0x070341aa…961bsent to0x309a862b…c8c02025-11-29·#23,904,550·0x04e1d84a…705278

FranklinDAO acknowledges that correlated liquidation risk exists, but views the probability of such an event as sufficiently low to vote FOR nonetheless. We expect Gauntlet to revisit this issue in future parameter updates.

0x070341aa…961bsent to0x309a862b…c8c02025-11-25·#23,875,437·0xd3d279c0…67549c

FranklinDAO strongly supports the second iteration of the Delegate Race as a necessary step toward establishing governance conditions that enable active delegates to focus on developing innovative, impactful proposals.

0x070341aa…961bsent to0x309a862b…c8c02025-09-13·#23,356,988·0x23d8a14c…baeee8

High potential to expose DAO to governance attack.

0x070341aa…961bsent to0x309a862b…c8c02025-09-10·#23,334,994·0x88090a35…5b05f5

The results are looking good thus far.

0x070341aa…961bsent to0xcb162218…f85c2025-07-06·#22,861,448·0x29bfcdf9…ba9f6a

Extending the deadline targets the least engaged community members and further increases the circulating supply, indirectly penalizing existing claimants.

0x070341aa…961bsent to0x309a862b…c8c02025-07-05·#22,854,708·0xe985184f…2101cb

Consistent with our previous posts on the forums, we support terminating the contract as soon as possible: https://www.comp.xyz/t/openzeppelin-security-partnership-renewal-2025/6855/27?u=pennblockchain

0x070341aa…961bsent to0x309a862b…c8c02025-06-27·#22,796,928·0xe7936608…11f280

Voting against out of principle. OpenZepplin has raked Compound over the coals for service fees, extending their contract even for 60 days rewards the wrong behavior even if it's the pragmatic thing to do.

0x070341aa…961bsent to0x309a862b…c8c02025-06-19·#22,735,199·0xd85c97d1…5767ba

FranklinDAO is strongly in favor of this proposal. See reasoning here: https://www.comp.xyz/t/proposal-to-create-the-compound-foundation/6777/28?u=pennblockchain

0x070341aa…961bsent to0x309a862b…c8c02025-06-14·#22,705,386·0x9919321b…9d2fcf

Recommendations and analysis are sensible.

0x070341aa…961bsent to0x408ed635…24c32025-06-05·#22,635,921·0x17306192…94d58a

FranklinDAO voted against due to lack of accountability measures. We need quarterly public usage metrics, governance abstention on own proposals, and outcome-based deliverables focused on incremental activity. Open to reconsidering with proper transparency. Full reasoning here: https://gov.uniswap.org/t/scaling-v4-and-supporting-unichain/25484/51

0x070341aa…961bsent to0x309a862b…c8c02025-05-13·#22,477,308·0x0a512bfd…b3d20b

# Initialize cWRONv3 on Ronin ## Proposal summary Compound Growth Program [AlphaGrowth] proposes deployment of Compound III to Ronin network. This proposal takes the governance steps recommended and necessary to initialize a Compound III WRON market on Ronin; upon execution, cWRONv3 will be ready for use. Simulations have confirmed the market’s readiness, as much as possible, using the [Comet scenario suite] (https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based off of the [recommendations from Gauntlet](https://www.comp.xyz/t/deploy-compound-iii-on-ronin/6128/8). Further detailed information can be found on the corresponding [deployment pull request](https://github.com/compound-finance/comet/pull/978), [deploy market GitHub action run](https://github.com/woof-software/comet/actions/runs/14330759106/job/40166019433) and [forum discussion](https://www.comp.xyz/t/deploy-compound-iii-on-ronin/6128). ## Rewards Gauntlet provided recommendations for COMP rewards, however, the COMP token is not whitelisted on CCIP. When the COMP token is whitelisted, we will create a proposal to bridge COMP tokens and set up speeds. ## Proposal Actions The first proposal action wraps ETH. The second proposal action approves [l1CCIPRouter](https://etherscan.io/address/0x80226fc0Ee2b096224EeAc085Bb9a8cba1146f7D) to take Timelock's WETH in order to seed the reserves. The third proposal action bridges WETH to Ronin and swaps received WETH for WRON via native Katana exchange [router](https://app.roninchain.com/address/0xc05afc8c9353c1dd5f872eccfacd60fd5a2a9ac7). We allocate 20% of the slippage due to WETH and RON volatility at the moment of proposal execution (in 8 days from the proposal published on-chain). Swap should not be snipped because MEV infrastructure has not been developed on Ronin yet. The dynamic mechanism to prevent such slippage will be cost inefficient due to development and audit resource allocation. The fourth proposal action sets the Comet configuration and deploys a new Comet implementation on Ronin. This sends the encoded `setFactory`, `setConfiguration` and `deployAndUpgradeTo` calls across the [l1CCIPRouter](https://etherscan.io/address/0x80226fc0Ee2b096224EeAc085Bb9a8cba1146f7D) to the bridge receiver on Ronin. The fifth action updates the ENS TXT record `v3-official-markets` on `v3-additional-grants.compound-community-licenses.eth`, updating the official markets JSON to include the new Ronin cWRONv3 market.

0x070341aa…961bsent to0x309a862b…c8c02025-03-15·#22,048,908·0xbc69108c…30850a

# Add wsuperOETHb as collateral into cWETHv3 on Base ## Proposal summary Compound Growth Program [AlphaGrowth] proposes to add wsuperOETHb 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](https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based off of the [recommendations from Gauntlet](https://www.comp.xyz/t/add-collateral-wsuperoethb-on-base/5782/2). Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/958) and [forum discussion](https://www.comp.xyz/t/add-collateral-wsuperoethb-on-base/5782). ## Proposal Actions The first proposal action adds wsuperOETHb to the WETH Comet on Base. This sends the encoded `addAsset` and `deployAndUpgradeTo` calls across the bridge to the governance receiver on Base.

0x070341aa…961bsent to0x309a862b…c8c02025-03-05·#21,977,402·0x7ff508c7…9b6b29

# Initialize cWETHv3 on Ronin ## Proposal summary Compound Growth Program [AlphaGrowth] proposes deployment of Compound III to Ronin network. This proposal takes the governance steps recommended and necessary to initialize a Compound III WETH market on Ronin; upon execution, cWETHv3 will be ready for use. Simulations have confirmed the market’s readiness, as much as possible, using the [Comet scenario suite] (https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based off of the [recommendations from Gauntlet](https://www.comp.xyz/t/deploy-compound-iii-on-ronin/6128/8). Further detailed information can be found on the corresponding [deployment pull request](https://github.com/woof-software/comet/pull/123), [deploy market GitHub action run](https://github.com/woof-software/comet/actions/runs/13578786406) and [forum discussion](https://www.comp.xyz/t/deploy-compound-iii-on-ronin/6128). ## Rewards Gauntlet provided recommendations for COMP rewards, however, the COMP token is not whitelisted on CCIP. When the COMP token is whitelisted, we will create a proposal to bridge COMP tokens and set up speeds. ## Proposal Actions The first proposal action bridges ETH seed reserves to the comet using [roninl1NativeBridge](https://etherscan.io/address/0x64192819Ac13Ef72bF6b5AE239AC672B43a9AF08). Bridged ETH will be converted to WETH automatically. The second proposal action sets the Comet configuration and deploys a new Comet implementation on Ronin. This sends the encoded `setConfiguration` and `deployAndUpgradeTo` calls across the [l1CCIPRouter](https://etherscan.io/address/0x80226fc0Ee2b096224EeAc085Bb9a8cba1146f7D) to the bridge receiver on Ronin. The third action updates the ENS TXT record `v3-official-markets` on `v3-additional-grants.compound-community-licenses.eth`, updating the official markets JSON to include the new Ronin cWETHv3 market.

0x070341aa…961bsent to0x309a862b…c8c02025-02-24·#21,917,603·0x4f7802e9…56e851

0x070341aa…961bsent to0x309a862b…c8c02025-02-11·#21,824,708·0x6aec371d…7702bf

# Update USDC, USDT, WETH and USDC.e Comets on Arbitrum to support more collaterals ## Proposal summary Compound Growth Program [AlphaGrowth] proposes to update 4 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, USDC, WETH and USDC.e markets on Arbitrum. Simulations have confirmed the market’s readiness, as much as possible, using the [Comet scenario suite](https://github.com/compound-finance/comet/tree/main/scenario). Detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/904) and [forum discussion](https://www.comp.xyz/t/increase-amount-of-collaterals-in-comet/5465). ## 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 4 comets: cUSDTv3, cUSDCv3, cWETHv3 and cUSDCev3.

0x070341aa…961bsent to0x408ed635…24c32025-01-03·#21,545,225·0xc3f8317e…3e9da5

# Scale Uniswap Liquidity on Celo **TLDR:** On behalf of the Stabila Foundation, this proposal requests **$250k in UNI incentives** for **six months** to support seven key stablecoin-related pools on Celo, alongside **$105k for Oku** deployment and maintenance. The [Stabila Foundation](https://medium.com/@StabilaFoundation/stabila-foundation-driving-stablecoin-adoption-on-celo-a3c1d2479e59), a community-driven initiative focused on stablecoin adoption, will contribute **$500k in CELO incentives** to amplify the impact of this initiative. Through Merkl, Stabila has already deployed **over $730k** in CELO incentives, contributing to the **5680% growth** in Uniswap volumes on Celo—from **$86.5M in 2023** to [$5B+ in 2024](https://dune.com/queries/3986372/6708452) (YTD) — establishing Celo as the [7th largest chain](https://dune.com/KARTOD/Uniswap-Mega-Dashboard-V2) by trading volume. Celo is home to 13 native stablecoins—including USDT, USDC, and regional stables like BRLA and cKES—and is uniquely positioned to become a global hub for stablecoins. This proposal will deepen liquidity and attract diverse LPs to expand Uniswap’s reach into emerging markets. In turn, unlocking new opportunities for growth to establish a meaningful, long-term partnership with Uniswap DAO. *** **About Celo** Celo is a **mobile-first, EVM-compatible** blockchain focused on global financial inclusion, particularly in **emerging markets**. Empowering users across 150+ countries, Celo facilitates **fast, affordable transactions** through DeFi solutions tailored to underserved regions. Its diverse stablecoin ecosystem featuring **13 native stablecoins**, including USDT, USDC, cEUR, BRLA, COPM, and cKES, bridges digital assets with real-world use cases such as **remittances and cross-border payments**. Celo is transitioning to an **Ethereum L2** on the **OP Stack**, with migration scheduled via hard fork in [Q1 2025](https://x.com/cLabs/status/1866181028957864252). This shift enhances scalability, security, and interoperability with Ethereum while retaining Celo’s mobile-first infrastructure. Importantly, **dApps like Uniswap will experience no disruption** during the migration, ensuring business as usual for liquidity providers and traders. Upon joining the **OP Superchain**, Celo anticipates renewed ecosystem momentum by leveraging unique features such as [gas payments](https://docs.celo.org/cel2/fee-currencies#:~:text=You%20can%20use%20Fee%20Abstraction,native%20currency%20of%20the%20network.) **in stablecoins** (USDT, USDC, cUSD) and [Social Connect](https://socialconnect.xyz/), which enables **asset transfers via phone numbers**—further boosting accessibility and adoption. Celo’s **mobile-first approach** uniquely positions itself to reach users in emerging markets, where mobile access is often the primary means of connecting to financial services. Key partnerships driving this adoption include: * [Opera MiniPay](https://www.opera.com/products/minipay), a Celo stablecoin wallet with **3.5M+ users**, integrated into the Opera Mini mobile browser, which has over **100M monthly active users in Africa**. * [Valora](https://valora.xyz/), a Celo-native wallet with **1M+ installs**, is driving significant adoption in mobile-first regions. Along with other partnerships, these have solidified Celo’s position as a leader in the global stablecoin ecosystem. With over **600k+ daily active users** (DAUs), Celo ranks among the top 10 blockchains by user engagement (Source: [Token Terminal](https://tokenterminal.com/explorer/metrics/user-dau?v=NDRmMjkzOTZiNGE4Y2JjOGVkOWFkZDhi)). ![TokenTerminal](https://hackmd.io/_uploads/HyAo9Gyrkg.png) Learn more about Celo at [Celo.org](http://Celo.org) and explore stablecoin usage data on [Artemis](https://app.artemis.xyz/project/celo?tab=stablecoins). *** **Background on Uniswap v3 on Celo:** Uniswap v3 has been Celo’s **long-standing partner** since its deployment in July 2022, unlocking new liquidity and trading opportunities in **emerging markets**. The [Stabila Foundation](https://medium.com/@StabilaFoundation/stabila-foundation-driving-stablecoin-adoption-on-celo-a3c1d2479e59) has played a pivotal role in this success, distributing over $730k in CELO rewards through Merkl to incentivize **24 stablecoin-related pools**, with ongoing campaigns: [Merkl Campaign on Celo](https://merkl.angle.money/?chain=42220). These efforts have driven a **5680%** increase in Uniswap volumes on Celo—from **$86.5M in 2023** to [$5B+ in 2024](https://dune.com/queries/3986372/6708452) (YTD )— elevating Celo to become the [7th largest blockchain by volume](https://dune.com/KARTOD/Uniswap-Mega-Dashboard-V2). This traction has attracted new stablecoin issuers to launch on Celo and fostered the creation of additional stablecoin-stablecoin Uniswap pools, which are essential for expanding liquidity and improving financial access. This proposal builds on these successes and underscores Stabila’s commitment to fostering a deeper, long-term partnership with Uniswap DAO. Together, we can scale stablecoin liquidity and attract new issuers and LPs. By combining the strengths of both ecosystems, this partnership will help expand financial access in underserved regions and drive global growth and adoption. ![Uniswap Twitter Post](https://hackmd.io/_uploads/HJ6fTDJByx.png) Source: [https://x.com/Uniswap/status/1861071364871893262](https://x.com/Uniswap/status/1861071364871893262) ![Unisawp Dashbaord](https://hackmd.io/_uploads/ryNNaPkrJg.png) Source: [https://app.uniswap.org/explore/pools/celo](https://app.uniswap.org/explore/pools/celo) *** **Proposed Plan:** To further scale liquidity and strengthen Uniswap v3’s deployment on Celo, we propose the following: **1. Direct UNI Incentives (6-Month Program):** The requested **$250k** in UNI incentives will target seven key Uniswap v3 pools: 1. USDT/USDC (0.01%) - 30% of incentives 2. USDT/cUSD (0.01%) - 20% of incentives 3. USDT/cEUR (0.01%) - 15% of incentives 4. USDT/CELO (0.01%) - 15% of incentives 5. USDT/cKES (0.01%) - 10% of incentives 6. USDT/COPM (0.01%) - 5% of incentives 7. USDT/BRLA (0.01%) - 5% of incentives These pools are strategically selected to deepen liquidity, support regional stablecoins, and strengthen Celo’s ecosystem by enabling microloans, cross-border payments, and remittances in underserved regions. * cUSD is the most widely used stablecoin on [Opera MiniPay](https://www.opera.com/products/minipay) * cEUR is popular among [Valora](https://valora.xyz/) users * cKES supports [Haraka Finance](https://haraka.xyz/creditpools) in facilitating microloans in Kenya * [COPM](https://minteo.com/) and [BRLA](https://brla.digital/) are leading fiat-backed stablecoins in their respective markets. **2. Oku Deployment:** Although Celo is currently available on the Uniswap interface, our community would find value in Oku’s Uniswap v3 analytics, advanced trading interface for Forex traders, liquidity provisioning and position management, on/off-ramping, and bridging to offer Celo users a complete experience. *** **Amplified Impact:** To amplify impact, **Stabila will contribute $500k in CELO Merkl incentives**, effectively matching Uniswap DAO’s $250k UNI incentive contribution at a **1.4:1 ratio** when factoring in Uniswap DAO’s total **$355k commitment**, which includes $105k for Oku deployment and maintenance. This ensures robust participation, liquidity growth, and sustained ecosystem support. *** **Timing:** Upon approval, Stabila Foundation will coordinate with the Oku team and the Accountability Committee to integrate Oku into Celo, enabling enhanced cross-chain liquidity and market access. The CELO and UNI incentives will commence after Celo’s L2 migration in Q1 2025, ensuring both initiatives align to drive liquidity growth effectively. **Budget:** * **$250k** in UNI incentives for six months (matched by Stabila with $500k in CELO) * **$45k** for Oku integration (one-time payment) * **$5k/month** for 12 months to maintain Oku services **Overall Timeline:** Below is the proposed timeline for delegates’ consideration. The timeline is an estimate and may be extended as needed: * Request for Comment (RFC) ends **December 16** * Temperature check **December 17-21** * The onchain vote review period: **TBD** * Onchain voting opens: **TBD** * Oku to go live (one week after the onchain vote ends) * Incentives to go live: After Celo’s L2 migration (Q1 2025) and Oku integration are completed. We look forward to collaborating with Uniswap DAO to expand stablecoin liquidity and establish Celo as a global hub for stablecoins. Thank you for your consideration, Stabila Foundation

0x070341aa…961bsent to0xc0da0293…65292024-11-30·#21,303,771·0x527800dc…79c74d

https://www.comp.xyz/t/gauntlet-rewards-contract-top-up-for-ethereum-arbitrum-and-optimism-11-18-24/5969/4?u=pennblockchain

0x070341aa…961bsent to0xc0da0293…65292024-11-26·#21,273,949·0xfe0c0e32…ad9170

createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)deployAndUpgradeTo(address,address)# Add wUSDM as collateral into cUSDCv3 on Arbitrum ## Proposal summary Compound Growth Program [AlphaGrowth] proposes to add wUSDM into cUSDCv3 on Arbitrum network. This proposal takes the governance steps recommended and necessary to update a Compound III USDC market on Arbitrum. Simulations have confirmed the market’s readiness, as much as possible, using the [Comet scenario suite](https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based off of the [recommendations from Gauntlet](https://www.comp.xyz/t/list-wusdm-as-a-collateral-on-usdc-usdt-markets-on-arbitrum-and-ethereum/5590/3). Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/931) and [forum discussion](https://www.comp.xyz/t/list-wusdm-as-a-collateral-on-usdc-usdt-markets-on-arbitrum-and-ethereum/5590). ## Proposal Actions The first proposal action adds wUSDM to the USDC Comet on Arbitrum. This sends the encoded `addAsset` and `deployAndUpgradeTo` calls across the bridge to the governance receiver on Arbitrum.

0x070341aa…961bsent to0xc0da0293…65292024-11-16·#21,201,398·0x0ad4f764…ce258a

sendMessage(address,bytes,uint32)# Add wUSDM as collateral into cUSDCv3 on Optimism ## 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](https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based off of the [recommendations from Gauntlet](https://www.comp.xyz/t/add-wusdm-as-a-collateral-on-usdc-usdt-markets-on-optimism/5664/4). Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/944) and [forum discussion](https://www.comp.xyz/t/add-wusdm-as-a-collateral-on-usdc-usdt-markets-on-optimism/5664). ## 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.

0x070341aa…961bsent to0xc0da0293…65292024-11-05·#21,118,789·0x58da0734…184933

# Add ETHx as collaterals into cWETHv3 on Mainnet ## Proposal summary Compound Growth Program [AlphaGrowth] proposes to add ETHx into cWETHv3 on Ethereum network. This proposal takes the governance steps recommended and necessary to update a Compound III WETH market on Ethereum. Simulations have confirmed the market’s readiness, as much as possible, using the [Comet scenario suite](https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based on the [recommendations from Gauntlet](https://www.comp.xyz/t/listing-ethx-on-compound/4730/21). Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/901) and [forum discussion](https://www.comp.xyz/t/listing-ethx-on-compound/4730). ## Price feed Exchange rate price feed of ETHx/ETH was provided by Chainlink team. The address of pricefeed that is used is 0xdd487947c579af433AeeF038Bf1573FdBB68d2d3 ## Proposal Actions The first proposal action adds ETHx asset as collateral with corresponding configurations. The second action deploys and upgrades Comet to a new version.

0x070341aa…961bsent to0xc0da0293…65292024-10-07·#20,916,653·0xa597561a…115b91

# Add tBTC as collateral into cUSDTv3 on Mainnet ## Proposal summary Compound Growth Program [AlphaGrowth] proposes to add tBTC into cUSDTv3 on Ethereum network. This proposal takes the governance steps recommended and necessary to update a Compound III USDT market on Ethereum. Simulations have confirmed the market’s readiness, as much as possible, using the [Comet scenario suite](https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based on the [recommendations from Gauntlet](https://www.comp.xyz/t/add-collateral-tbtc-to-eth-market-on-mainnet/5399/12). Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/936) and [forum discussion](https://www.comp.xyz/t/add-collateral-tbtc-to-eth-market-on-mainnet/5399). ## Proposal Actions The first action adds tBTC asset as collateral with corresponding configurations. The second action deploys and upgrades Comet to a new version.

0x070341aa…961bsent to0xc0da0293…65292024-08-26·#20,613,797·0x8c236abc…a1702e

sendMessage(address,bytes,uint32)# Add weETH as collateral into cWETHv3 on Base ## Proposal summary Compound Growth Program [AlphaGrowth] proposes to add weETH 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](https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based off of the [recommendations from Gauntlet](https://www.comp.xyz/t/add-weeth-as-collateral-to-eth-markets-on-optimism-and-base/5520/3). Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/910) and [forum discussion](https://www.comp.xyz/t/add-weeth-as-collateral-to-eth-markets-on-optimism-and-base/5520). ## Proposal Actions The first proposal action adds weETH to the WETH Comet on Base. This sends the encoded `addAsset` and `deployAndUpgradeTo` calls across the bridge to the governance receiver on Base.

0x070341aa…961bsent to0xc0da0293…65292024-08-05·#20,465,097·0x21347c8c…e76033

sendMessage(address,bytes,uint32)# Add USDC as collateral into cWETHv3 on Base ## Proposal summary Compound Growth Program [AlphaGrowth] proposes to add USDC 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](https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based off of the [recommendations from Gauntlet](https://www.comp.xyz/t/add-dai-usdc-and-usdt-as-collaterals-to-weth-comets-on-mainnet-and-arbitrum/5415/2). Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/898) and [forum discussion](https://www.comp.xyz/t/add-dai-usdc-and-usdt-as-collaterals-to-weth-comets-on-mainnet-and-arbitrum/5415). ## Proposal Actions The first proposal action adds USDC to the WETH Comet on Base. This sends the encoded `addAsset` and `deployAndUpgradeTo` calls across the bridge to the governance receiver on Base.

0x070341aa…961bsent to0xc0da0293…65292024-07-30·#20,421,481·0xc9b413eb…c9d571

createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)deployAndUpgradeTo(address,address)# Add rsETH as collateral into cWETHv3 on Arbitrum ## Proposal summary Compound Growth Program [AlphaGrowth] proposes to add rsETH into cWETHv3 on Arbitrum network. This proposal takes the governance steps recommended and necessary to update a Compound III WETH market on Arbitrum. Simulations have confirmed the market’s readiness, as much as possible, using the [Comet scenario suite](https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based off of the [recommendations from Gauntlet](https://www.comp.xyz/t/add-rseth-as-collateral-on-arbitrum-and-wrseth-as-collateral-on-optimism-base-and-scroll/5445/3). Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/896) and [forum discussion](https://www.comp.xyz/t/add-rseth-as-collateral-on-arbitrum-and-wrseth-as-collateral-on-optimism-base-and-scroll/5445). ## Price FeedFor LRT/LSTs we use exchange rate price feeds. We are going to use this exchange rate [price feed](https://arbiscan.io/address/0x8f1dF6D7F2db73eECE86a18b4381F4707b918FB1#readContract) by Chainlink. It has the wrong description `wrsETH / rsETH Exchange Rate`. However, we were assured, that it is the right price feed by the Chainlink team. ## Proposal Actions The first proposal action adds rsETH to the WETH Comet on Arbitrum. This sends the encoded `addAsset` and `deployAndUpgradeTo` calls across the bridge to the governance receiver on Arbitrum.

0x070341aa…961bsent to0xc0da0293…65292024-07-22·#20,364,181·0x131520d5…503dda

# Add wstETH as collateral into cUSDCv3 on Ethereum ## Proposal summary Compound Growth Program [AlphaGrowth] proposes to add wstETH into cUSDCv3 on Ethereum network. This proposal takes the governance steps recommended and necessary to update a Compound III USDC market on Ethereum. Simulations have confirmed the market’s readiness, as much as possible, using the [Comet scenario suite](https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based off of the [recommendations from Gauntlet](https://www.comp.xyz/t/gauntlet-wsteth-and-ezeth-asset-listing/5404/1). Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/884) and [forum discussion](https://www.comp.xyz/t/gauntlet-wsteth-and-ezeth-asset-listing/5404). ## Proposal Actions The first proposal action adds wstETH asset as collateral with corresponding configurations. The second action deploys and upgrades Comet to a new version.

0x070341aa…961bsent to0xc0da0293…65292024-07-13·#20,299,617·0x17cc45e1…3780f3

# Update rsETH and weETH price feeds in cWETHv3 on Mainnet ## Proposal summary This proposal updates existing price feeds for rsETH and weETH collaterals in the WETH market on Mainnet from market rates to exchange rates. If exchange rate oracles are implemented, Gauntlet can recommend more capital efficient parameters as the asset remains insulated from market movements, although this exposes it to tail-end risks. The exchange rate based risk parameters could facilitate higher caps and Liquidation Factors along with more conservative Liquidation Penalties. Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/878), [forum discussion for rsETH](https://www.comp.xyz/t/add-rseth-market-on-ethereum-mainnet/5118) and [forum discussion for weETH](https://www.comp.xyz/t/add-weeth-market-on-ethereum/5179). ## Proposal Actions The first proposal action updates rsETH price feed from market rate to exchange rate. The second proposal action updates weETH price feed from market rate to exchange rate. The third action deploys and upgrades Comet to a new version.

0x070341aa…961bsent to0xc0da0293…65292024-07-08·#20,263,527·0xebc5e05e…744144

createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)deployAndUpgradeTo(address,address)# Add WBTC as collateral into cWETHv3 on Arbitrum ## Proposal summary Compound Growth Program [AlphaGrowth] proposes to add WBTC into cWETHv3 on Arbitrum network. This proposal takes the governance steps recommended and necessary to update a Compound III WETH market on Arbitrum. Simulations have confirmed the market’s readiness, as much as possible, using the [Comet scenario suite](https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based off of the [recommendations from Gauntlet WBTC](https://www.comp.xyz/t/add-wbtc-to-weth-comets-on-ethereum-and-arbitrum/5332/1). Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/880) and [forum discussion](https://www.comp.xyz/t/add-wbtc-to-weth-comets-on-ethereum-and-arbitrum/5332). ## Proposal Actions The first proposal action adds WBTC to the WETH Comet on Arbitrum. This sends the encoded `addAsset` and `deployAndUpgradeTo` calls across the bridge to the governance receiver on Arbitrum.

0x070341aa…961bsent to0xc0da0293…65292024-06-29·#20,196,558·0xc65ebf3c…1e1c69

transfer(address,uint256)# Initialize cUSDTv3 on Ethereum Mainnet ## Proposal summary FranklinDAO team with advice support from Woof Software team proposes deployment of Compound III to the Ethereum Mainnet network. This proposal takes the governance steps recommended and necessary to initialize a Compound III USDT market on Ethereum Mainnet; upon execution, cUSDTv3 will be ready for use. Simulations have confirmed the market’s readiness, as much as possible, using the [Comet scenario suite](https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based off of the [recommendations from Gauntlet](https://www.comp.xyz/t/launch-usdt-market-on-compound-v3-ethereum/4977/5). Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/862), [deploy market GitHub action run](https://github.com/woof-software/comet/actions/runs/9713953378/job/26811913447) and [forum discussion](https://www.comp.xyz/t/launch-usdt-market-on-compound-v3-ethereum/4977). ## Proposal Actions The first proposal action sets the CometFactory for the new Comet instance in the existing Configurator. The second action configures the Comet instance in the Configurator. The third action deploys an instance of the newly configured factory and upgrades the Comet instance to use that implementation. The fourth action configures the existing rewards contract for the newly deployed Comet instance. The fifth action reduces Compound’s [cUSDT](https://etherscan.io/address/0xf650c3d88d12db855b8bf7d11be6c55a4e07dcc9) reserves and transfers it to Timelock, in order to seed the market reserves for the cUSDTv3 Comet. The sixth action transfers reserves from Timelock to the cUSDTv3 Comet. The seventh action updates the ENS TXT record `v3-official-markets` on `v3-additional-grants.compound-community-licenses.eth`, updating the official markets JSON to include the new Ethereum Mainnet cUSDTv3 market.

0x070341aa…961bsent to0xc0da0293…65292024-06-22·#20,147,483·0xa88014a5…e680ec

# Initialize cUSDTv3 on Arbitrum ## Proposal summary FranklinDAO team with advice support from WOOF Software team proposes deployment of Compound III to the Arbitrum network. This proposal takes the governance steps recommended and necessary to initialize a Compound III USDT market on Arbitrum; upon execution, cUSDTv3 will be ready for use. Simulations have confirmed the market’s readiness, as much as possible, using the [Comet scenario suite](https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based off of the [recommendations from Gauntlet](https://www.comp.xyz/t/launch-usdt-market-on-compound-v3-arbitrum/5004/2). Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/864), [deploy market GitHub action run](https://github.com/woof-software/comet/actions/runs/9595156999) and [forum discussion](https://www.comp.xyz/t/launch-usdt-market-on-compound-v3-arbitrum/5004). ## Proposal Actions The first proposal action sets the Comet configuration and deploys a new Comet implementation on Arbitrum. This sends the encoded `setFactory`, `setConfiguration`, `deployAndUpgradeTo` calls across the bridge to the governance receiver on Arbitrum. It also calls `setRewardConfig` on the Arbitrum rewards contract, to establish Artitrum’s bridged version of COMP as the reward token for the deployment and set the initial supply speed to be 12 COMP/day and borrow speed to be 10 COMP/day. The second action reduces Compound’s [cUSDT](https://etherscan.io/address/0xf650c3d88d12db855b8bf7d11be6c55a4e07dcc9) reserves and transfers it to Timelock, in order to seed the market reserves for the cUSDTv3 Comet. The third action approves 0 USDT from Timelock to [ArbitrumL1CustomGateway](https://etherscan.io/address/0xcEe284F754E854890e311e3280b767F80797180d) to reset potential previous approves. The fourth action approves 50K USDT to [ArbitrumL1CustomGateway](https://etherscan.io/address/0xcEe284F754E854890e311e3280b767F80797180d) to take Timelock's USDT on Mainnet, in order to seed the market reserves through the [ArbitrumL1GatewayRouter](https://etherscan.io/address/0x72Ce9c846789fdB6fC1f34aC4AD25Dd9ef7031ef). The fifth action bridges USDT from mainnet via ‘outboundTransfer’ function on ArbitrumL1GatewayRouter’s contract and sends it to Comet on Arbitrum. The sixth action updates the ENS TXT record `v3-official-markets` on `v3-additional-grants.compound-community-licenses.eth`, updating the official markets JSON to include the new Arbitrum cUSDTv3 market.

0x070341aa…961bsent to0xc0da0293…65292024-06-14·#20,092,340·0x17a1d8f0…3369a4

# Initialize cUSDTv3 on Optimism ## Proposal summary Compound Growth Program [AlphaGrowth] proposes the deployment of Compound III to the Optimism network. This proposal takes the governance steps recommended and necessary to initialize a Compound III USDT market on Optimism; upon execution, cUSDTv3 will be ready for use. Simulations have confirmed the market’s readiness, as much as possible, using the [Comet scenario suite](https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based on the [recommendations from Gauntlet](https://www.comp.xyz/t/deploy-compound-iii-on-optimism/4975/6). Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/848) and [forum discussion](https://www.comp.xyz/t/deploy-compound-iii-on-optimism/4975). ## Proposal Actions The first proposal action sets the Comet configuration and deploys a new Comet implementation on Optimism. This sends the encoded `setFactory`, `setConfiguration` and `deployAndUpgradeTo` calls across the bridge to the governance receiver on Optimism. It also calls `setRewardConfig` on the Optimism rewards contract, to establish Optimism’s bridged version of COMP as the reward token for the deployment and set the initial supply speed to be 5 COMP/day and borrow speed to be 5 COMP/day. The second action reduces Compound [cUSDT](https://etherscan.io/address/0xf650c3d88d12db855b8bf7d11be6c55a4e07dcc9) reserves to Timelock, in order to seed the market reserves through the Optimism L1StandardBridge. The third action approves Optimism’s [L1StandardBridge](https://etherscan.io/address/0x99C9fc46f92E8a1c0deC1b1747d010903E884bE1) to take Timelock's USDT, in order to seed the reserves through the bridge. The fourth action deposits 10K USDT from mainnet to the Optimism L1StandardBridge contract to bridge to Comet. The fifth action updates the ENS TXT record `v3-official-markets` on `v3-additional-grants.compound-community-licenses.eth`, updating the official markets JSON to include the new Optimism cUSDTv3 market

0x070341aa…961bsent to0xc0da0293…65292024-03-20·#19,477,633·0x8736ebec…dca4fd

# [Gauntlet] Arbitrum USDC Comets - Interest Rate Curve Gauntlet is proposing to adjust Arbitrum USDC IR Curve: | Parameter | Current Value | Recommended Value | | -------------------------------------- | ------------- | ----------------- | | Annual Supply Interest Rate Base | 0 | 0 | | Annual Supply Interest Rate Slope Low | 0.075 | 0.075 | | Supply Kink | 0.9 | 0.9 | | Annual Supply Interest Rate Slope High | 3.6 | 3.6 | | Annual Borrow Interest Rate Base | 0.015 | 0.015 | | Annual Borrow Interest Rate Slope Low | 0.833 | 0.0833 | | Borrow Kink | 0.9 | 0.9 | | Annual Borrow Interest Rate Slope High | 4.3 | 4.3 | ## Specification The proposal updates the borrow per year interest rate low slope using the respective methods on the Configurator. *By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos.*

0x070341aa…961bsent to0xc0da0293…65292024-03-15·#19,443,011·0x58c037c4…c854bc

# Add wstETH as Collateral to cUSDCv3 Mainnet See the proposal and parameter recommendations here: https://www.comp.xyz/t/temp-check-add-wsteth-as-a-collateral-on-base-eth-market-usdc-market-on-arbitrum-and-ethereum-mainnet/4867

0x070341aa…961b2024-03-15·#19,442,988·0xda7a45b6…1b7148

Custom price feed for wstETH / E

0x070341aa…961b2024-03-15·#19,442,978·0x1915216d…fa8134

Custom price feed for wstETH / E

0x070341aa…961bsent to0xc0da0293…65292023-09-04·#18,063,548·0x92d58389…4b2338

sendMessageToChild(address,bytes)# Add stMATIC as Collateral to USDCv3 Polygon Market Using stMATIC as a collateral asset has added significant value on other lending platforms like Aave v3 (Polygon) and a popular leveraged staking strategy increasing utilization rates for MATIC. For Compound, stMATIC offers a good collateral option because of its extensive use and composability on Polygon. ## stMATIC - Key Reasons to List on Compound stMATIC is deeply integrated with DeFI projects such as Aave and Balancer. stMATIC TVL has grown to 135M+ MATIC steadily ever since its launch. There is 40M+ stMATIC on Polygon that haven't been deployed on DeFi yet, which offers a large TVL opportunity for Compound ## Proposed Parameters Liquidity - stMATIC currently has a TVL of 135M+ MATIC staked. This proposal is to set the parameters for stMATIC as below based on [Gauntlet's recommendations](https://www.comp.xyz/t/gauntlet-recommendations-stmatic-and-stmatic-listing-on-polygon-compound-v3/4397) supplyCap: 8,000,000 borrowCollateralFactor: 60% liquidateCollateralFactor: 65% liquidationFactor: 7% The proposal is to be made from [this pull request](https://github.com/compound-finance/comet/pull/808/files) ## Background - stMATIC Lido on Polygon staking solution for Polygon is stMATIC, a liquid staking solution for MATIC. Lido on Polygon lets users earn MATIC staking rewards and also enables users to participate in other Defi protocols using stMATIC while accruing rewards. stMATIC is a token that represents your share of the total MATIC pool deposited with Lido on Polygon. As soon as you deposit MATIC on the Lido on Polygon smart contract, you receive newly minted stMATIC, based on the exchange rate at the time of staking. As the MATIC rewards get added the value of stMATIC increases. Lido on Polygon for Polygon gives you Liquidity through tokenization Ease of staking stMATIC is the only solution that allows users to natively stake their MATIC on Polygon, allowing users to take advantage of the low transaction fee ## stMATIC Security: Lido on Polygon protocol contracts are dual audited: [Here](https://github.com/lidofinance/polygon-contracts/tree/main/audits) is the link to the Audits Lido on Polygon contracts for stMATIC are controlled by a multi-sig account (0xd65Fa54F8DF43064dfd8dDF223A446fc638800A9) managed by (Shardlabs, Lido and Polygon). The Lido on Polygon bug bounty program on [Immunefi](https://immunefi.com/bounty/lidoonpolygon/) ## References [stMATIC Chainlink Oracle Price Feed](https://polygonscan.com/address/0x97371dF4492605486e23Da797fA68e55Fc38a13f) [Polygonscan - stMATIC address](https://polygonscan.com/token/0x3A58a54C066FdC0f2D55FC9C89F0415C92eBf3C4) [Forum Discussion](https://www.comp.xyz/t/stmatic-compound-listing/4293)

0x070341aa…961bsent to0xc0da0293…65292023-09-01·#18,042,429·0xeade74ae…ca2c76

0x070341aa…961bsent to0xc0da0293…65292023-09-01·#18,042,426·0x03d14459…7eb095

0x070341aa…961bsent to0xc0da0293…65292023-08-06·#17,857,931·0xd1d86fd3…033312

sendMessageToChild(address,bytes)# Add MaticX as Collateral to USDCv3 Polygon Market Using MaticX as a collateral asset has added significant value on other lending platforms like Aave v3 (Polygon) and a popular leveraged staking strategy increasing utilization rates for MATIC. For Compound, MaticX offers a good collateral option because of its extensive use and composability on Polygon. ## MaticX - Key Reasons to List on Compound MaticX is deeply integrated with DeFI projects such as Aave and Balancer. There is $10M+ liquidity in MaticX based pools cross leading DEXs ~35M MaticX supplied on Aave against supply cap of 38M MaticX. Proposal to enhance supply cap to 50.6M MaticX underway. MaticX TVL has grown to 84M+ MATIC steadily ever since its launch in Apr’22. There is 20M+ MaticX on Polygon that haven't been deployed on DeFi yet, which offers a large TVL opportunity for Compound ## Proposed Parameters Liquidity - MaticX currently has a TVL of 84M+ MATIC staked and total liquidity of $10M+ in MaticX based liquidity pools on ecosystem DEXs with Balancer being the lead along with QuickSwap & MeshSwap. This proposal is to set the parameters for MaticX as below based on [Gauntlet's recommendations](https://www.comp.xyz/t/gauntlet-recommendations-stmatic-and-maticx-listing-on-polygon-compound-v3/4397) supplyCap: 6,000,000 borrowCollateralFactor: 55% liquidateCollateralFactor: 60% liquidationFactor: 93% The proposal is to be made from [this pull request](https://github.com/compound-finance/comet/pull/780/files) ## Background - MaticX Stader's staking solution for Polygon is MaticX, a liquid staking solution for MATIC. Stader lets users earn MATIC staking rewards and also enables users to participate in other Defi protocols using MaticX while accruing rewards. MaticX is a token that represents your share of the total MATIC pool deposited with Stader. As soon as you deposit MATIC on the Stader smart contract, you receive newly minted MaticX, based on the exchange rate at the time of staking. As the MATIC rewards get added the value of MaticX increases (w.r.t MATIC). Stader for Polygon gives you Liquidity through tokenization Ease of staking MaticX is the only solution that allows users to natively stake their MATIC on Polygon, allowing users to take advantage of the low transaction fee ## MaticX Security: Stader on Polygon protocol contracts are dual audited: [Here](https://staderlabs-docs.s3.amazonaws.com/audits/polygon/StaderLabs_MaticX_Smart_Contract_Security_Audit_Report_Halborn_Final.pdf) is the link to the Audit completed by Halborn [Here](https://staderlabs-docs.s3.amazonaws.com/audits/polygon/StaderLabs_maticX_Audit_Report_Immunebytes.pdf) is the link to the Audit completed by Immunebytes Stader's contracts for MaticX are controlled by a multi-sig account (0x91B4139A2FAeaCD4CdbFc3F7B1663F91a54be237) managed by the internal as well as external parties. The confirmation count is 3 out of 5 signatures required $1Mn Bug Bounty on [Immunefi](https://immunefi.com/bounty/StaderforPolygon/) Ongoing monitoring and on-chain security tracking by [Forta](https://app.forta.network/agents/stader-labs) External multi-sig and time-lock drive the staking contract ## References [MaticX Chainlink Oracle Price Feed](https://polygonscan.com/address/0x5d37E4b374E6907de8Fc7fb33EE3b0af403C7403) [Polygonscan - MaticX address](https://polygonscan.com/token/0xfa68fb4628dff1028cfec22b4162fccd0d45efb6) [Forum Discussion](https://www.comp.xyz/t/listing-maticx-on-compound/4306)

0x070341aa…961b2023-08-05·#17,846,107·0xedba0152…49b475

CrowdProposal::propose: gov prop`@Rrosal already exists`hCrowdProposal::terminate: propos`@al has been already terminatedCrowdProposal::terminate: only a`@Rruthor can terminate`hOnly owner can cal this function`@CrowdProposal::vote: gov proposa`@l has not been created yetCrowdProposal::propose: proposal`@sendMessageToChild(address,bytes)addAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))deployAndUpgradeTo(address,address)# Add stMATIC as Collateral to cUSDCv3 Polygon This proposal adds stMATIC as collateral for more see the description of the proposal [stMATIC and MaticX listing on Polygon Compound v3](https://www.comp.xyz/t/stmatic-and-maticx-listing-on-polygon-compound-v3/4397/1)

0x070341aa…961bsent to0xc0da0293…65292023-03-26·#16,913,213·0xd80b9cb6…91de35

# Certora <> Compound Formal Verification We propose to improve the security and agility of the Compound protocol via continuous formal verification in three ways: (1) By granting access to the Certora Prover to anybody checking the Compound code. This includes accessing the Certora Prover’s source code under NDA. (2) By allocating a team of 3 Certora security engineers for 12 weeks per annum to review code changes and propose new correctness rules. (3) By creating a community of security researchers to review code changes and propose new correctness rules. Every code change and governance proposal will be reviewed by both internal and external teams using the Certora prover to prevent bugs when the code is upgraded. See the full forum discussion here: https://www.comp.xyz/t/security-and-agility-of-compound-smart-contracts-via-continuous-formal-verification/4007

0x070341aa…961bsent to0x408ed635…24c32023-01-25·#16,486,520·0x7fa2ad72…633625

# Deploy Uniswap V3 to Boba Network [Governance Proposal] ## Summary The Boba Foundation is granted an additional use grant to use the Uniswap V3 Core software code (which is made available to the Boba Foundation subject to license available [here ](https://github.com/Uniswap/v3-core/blob/main/LICENSE)(the “Uniswap Code”)). As part of this additional use grant, the Boba Foundation receives license to use the Uniswap Code for the purposes of a full deployment of the Uniswap Protocol v3 onto the Boba Network L2 on Ethereum blockchain. The Boba Foundation is permitted to use subcontractors to do this work. This license is conditional on the Boba Foundation complying with the terms of the Business Source License 1.1, made available at https://github.com/Uniswap/v3-core/blob/main/LICENSE. The Boba Foundation and FranklinDAO (Prev. Penn Blockchain) are submitting this proposal to Deploy Uniswap v3 on Boba Network. ## Past Voting Links [Temperature Check](https://snapshot.org/#/uniswap/proposal/0x5387b0756442268d283d4ac7f3f4bc4cc0204c5e47b9708e5128fcbdea2d0cd1): Passed with 15M Yes Votes [Consensus Check](https://snapshot.org/#/uniswap/proposal/0xe523d31000db5ecb16b002efd2ee984b958928b01cee140212eefc3ed5bcdfcd): Passed with 17.5M Yes Votes [Governance Forum Post](https://gov.uniswap.org/t/deploy-uniswap-v3-to-boba-network/18018) ## Summary In cooperation with DMA Labs (a major contributor to [ICHI’s](https://www.ichi.org/) Uniswap v3 management protocols) and support of furthering the vision of Multichain Uniswap 15, the Boba Foundation is proposing that the Uniswap community vote to authorize the deployment of Uniswap v3 to Boba Network. Boba Network is a blockchain Layer 2 scaling solution and [Hybrid Compute](https://cryptodaily.co.uk/2022/07/boba-networks-hybrid-compute-why-it-will-unlock-blockchains-true-potential) platform offering lightning fast transactions and fees anywhere from 40-100x less than the respective Layer 1. Boba’s Hybrid Compute brings the power of Web2 on-chain, with smarter smart contracts that allow developers and creators to leverage off-chain compute and real-world data to offer an enriched experience unlike anything else on the market today. In addition, Boba Network is the first and only [multichain ](https://www.theblock.co/post/149837/ethereum-layer-2-boba-network-integrates-with-fantom-and-moonbeam)Layer 2, deploying on leading Layer 1 chains such as Ethereum, Avalanche, BNB and Moonbeam. Deploying on Boba will expand the Uniswap community to include users of the Boba multichain ecosystem, helping Uniswap on its journey to become a leading product in the multichain world. The timeline for deployment will be approximately 3-4 weeks following the Governance Proposal, with contract deployment being handled by the Boba Foundation. ## Proposal There are many benefits for the Uniswap Protocol, some of which include: Ethereum equivalence. Developer tools, resources, projects, and protocols supported by Ethereum are already supported on the Boba Network. A trustless bridge architecture to bridge assets from Ethereum to the Boba Network L2 has been in place since mainnet launch, with many bridging partners extending bridge capabilities, such as Across.to, Synapse, Multichain and Layerswap. Low cost transactions with high security. As an Ethereum L2, Boba Network relies on Ethereum’s strong base layer security while providing very low cost transactions, with fees anywhere from 40-100x less than Ethereum. ## Details for Incentivized Adoption of Uniswap v3 Boba Foundation will provide $1M $BOBA tokens to foster the usage of Uniswap v3 on Boba Network. The tokens will be sent to a multisig wallet co-owned by the Uniswap Grants Program (UGP) and Boba Foundation, who will work to deploy the funds as follows: The incentives should be designed together with other projects which are operating on top of Uniswap v3 such as ICHI, Perpetual Protocol, Paraswap, or 1inch. $BOBA can be used to incentivize liquidity but should not be limited to this use case. Anything increasing the usage of Uniswap v3 on Boba Network, including building new applications on top of Uniswap v3, should be supported. The goal is to deploy the $1M in the time period of one year. Funds not used after two years would go back to the Boba Foundation. The spending is limited to $1M - the transferred amount of $BOBA as part of the proposal. The Boba Foundation may increase this amount based on the outcome of this initiative. In addition to this, the Boba Foundation has already contributed more than $4M of liquidity on Uniswap v3 to bootstrap the initial success of Uniswap v3 on the Boba Network. ## Security Boba Network is designed so that users can send arbitrary messages between smart contracts on L2 and L1. Users can relay messages themselves. The security of the messages passed is secured within the rollup protocol. Bridging and sequencing transactions is based on Optimism’s [Optimistic Rollup](https://github.com/ethereum-optimism/optimism) codebase. From L1 to L2, users need to trigger the CanonicalTransactionChain contract on L1 to create a new block on Boba Network. The Sequencer is then forced to include the transaction on L2. From L2 to L1: Making provable statements about the state of Boba requires a cryptographic commitment in the form of the root of the Boba’s state trie to a smart contract on L1 called the StateCommitmentChain. Updates of the state trie are regularly published. With Merkle tree proofs of the commitments, users can use these proofs to make verifiable statements about the data within the storage of any contract on Boba at a specific block height. This can then be used to enable contracts on Boba L2 to send messages to contracts on L1. The bridge uses the security of the source chain (L1). In an Optimistic Rollup design, state commitments are published to L1 without any direct proof of the validity of these commitments. Instead, these commitments are considered pending for a period of time (called the “challenge window”). In the challenge window the commitment could be invalidated through a fraud proof. Fraud proof challenges are not enabled and there’s a single sequencer design currently in production. In the event of fraud, the malicious actor and the prover of fraud will (in the future) play out an interactive challenge game and the malicious actor will be slashed. The Boba Network codebase and Optimism’s codebase have undergone multiple audits, with no outstanding vulnerabilities. ## Governance To enable Ethereum’s Uniswap deployment to govern the Boba Network Ethereum L2 instance, Boba Network's Native Bridge will be used to transmit governance decisions from Ethereum L1 to the Boba Network Ethereum L2 instance of Uniswap V3. The Boba Foundation and community would like to thank the GFX Labs team for their attention and guidance through the process. ## License Exemption The Boba Foundation is requesting an exemption that will allow the Licensed Work to be deployed on the Boba Network, a Layer 2 blockchain on Ethereum, provided that the deployment is subject to Ethereum Layer 1 Uniswap Protocol governance and control. **For - Deploy Uniswap v3 to Boba Network** **Against - Make no change**

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# Deploy Uniswap V3 to Boba Network [Governance Proposal] ## Summary The Boba Network is granted an additional use grant to use the Uniswap V3 Core software code (which is made available to the Boba Network subject to license available [here ](https://github.com/Uniswap/v3-core/blob/main/LICENSE)(the “Uniswap Code”)). As part of this additional use grant, the Boba Network receives license to use the Uniswap Code for the purposes of a full deployment of the Uniswap Protocol v3 onto the Boba Network L2 on Ethereum blockchain. The Boba Network are permitted to use subcontractors to do this work. This license is conditional on the Boba Network complying with the terms of the Business Source License 1.1, made available at https://github.com/Uniswap/v3-core/blob/main/LICENSE. Boba Network and FranklinDAO (Prev. Penn Blockchain) are submitting this proposal to Deploy Uniswap v3 on Boba Network. ## Past Voting Links [Temperature Check](https://snapshot.org/#/uniswap/proposal/0x5387b0756442268d283d4ac7f3f4bc4cc0204c5e47b9708e5128fcbdea2d0cd1): Passed with 15M Yes Votes [Consensus Check](https://snapshot.org/#/uniswap/proposal/0xe523d31000db5ecb16b002efd2ee984b958928b01cee140212eefc3ed5bcdfcd): Passed with 17.5M Yes Votes ## Summary In cooperation with DMA Labs (a major contributor to [ICHI’s](https://www.ichi.org/) Uniswap v3 management protocols) and support of furthering the vision of Multichain Uniswap 15, we propose that the Uniswap community vote to authorize the deployment of Uniswap v3 to Boba Network. Boba Network is a blockchain Layer 2 scaling solution and [Hybrid Compute](https://cryptodaily.co.uk/2022/07/boba-networks-hybrid-compute-why-it-will-unlock-blockchains-true-potential) platform offering lightning fast transactions and fees anywhere from 40-100x less than the respective Layer 1. Boba’s Hybrid Compute brings the power of Web2 on-chain, with smarter smart contracts that allow developers and creators to leverage off-chain compute and real-world data to offer an enriched experience unlike anything else on the market today. In addition, Boba Network is the first and only [multichain ](https://www.theblock.co/post/149837/ethereum-layer-2-boba-network-integrates-with-fantom-and-moonbeam)Layer 2, deploying on leading Layer 1 chains such as Ethereum, Avalanche, BNB and Moonbeam. Deploying on Boba will expand the Uniswap community to include users of the Boba multichain ecosystem, helping Uniswap on its journey to become a leading product in the multichain world. The timeline for deployment will be approximately 3-4 weeks following the Governance Proposal, with contract deployment being handled by the Boba Network team . ## Proposal We believe there are many benefits for the Uniswap Protocol, some of which include: Ethereum equivalence. Developer tools, resources, projects, and protocols supported by Ethereum are already supported on Boba Network. A trustless bridge architecture to bridge assets from Ethereum to the Boba Network L2 has been in place since mainnet launch, with many bridging partners extending our bridge capabilities, such as Across.to, Synapse, Multichain and Layerswap. Low cost transactions with high security. As an Ethereum L2, Boba Network relies on Ethereum’s strong base layer security while providing very low cost transactions, with fees anywhere from 40-100x less than Ethereum. ## Details for Incentivized Adoption of Uniswap v3 Boba Network will provide $1M $BOBA tokens to foster the usage of Uniswap v3 on Boba Network. The tokens will be sent to a multisig wallet co-owned by the Uniswap Grants Program (UGP) and Boba Network, who will work to deploy the funds as follows: The incentives should be designed together with other projects which are operating on top of Uniswap v3 such as ICHI, Perpetual Protocol, Paraswap, or 1inch. The $BOBA can be used to incentivize liquidity but should not be limited to this use case. Anything increasing the usage of Uniswap v3 on Boba Network, including building new applications on top of Uniswap v3, should be supported. The goal is to deploy the $1M in the time period of one year. Funds not used after two years would go back to Boba. The spending is limited to $1M - the transferred amount of $BOBA as part of the proposal. Boba Network can decide to increase this amount based on the outcome of this initiative. In addition to this, Boba Network has already contributed more than $4M of liquidity on Uniswap v3 to bootstrap the initial success of Uniswap v3 on the Boba Network. ## Security Boba Network is designed so that users can send arbitrary messages between smart contracts on L2 and L1. Users can relay messages themselves. The security of the messages passed is secured within the rollup protocol. Bridging and sequencing transactions is based on Optimism’s [Optimistic Rollup](https://github.com/ethereum-optimism/optimism) codebase. From L1 to L2, users need to trigger the CanonicalTransactionChain contract on L1 to create a new block on Boba Network. Our Sequencer is then forced to include the transaction on L2. From L2 to L1: Making provable statements about the state of Boba requires a cryptographic commitment in the form of the root of the Boba’s state trie to a smart contract on L1 called the StateCommitmentChain. We regularly publish updates of the state trie. With Merkle tree proofs of the commitments, users can use these proofs to make verifiable statements about the data within the storage of any contract on Boba at a specific block height. This can then be used to enable contracts on Boba L2 to send messages to contracts on L1. The bridge uses the security of the source chain (L1). In an Optimistic Rollup design, state commitments are published to L1 without any direct proof of the validity of these commitments. Instead, these commitments are considered pending for a period of time (called the “challenge window”). In the challenge window the commitment could be invalidated through a fraud proof. Fraud proof challenges are not enabled and there’s a single sequencer design currently in production. In the event of fraud, the malicious actor and the prover of fraud will (in the future) play out an interactive challenge game and the malicious actor will be slashed. The Boba Network codebase and Optimism’s codebase have undergone multiple audits, with no outstanding vulnerabilities. More details about Boba Network can be found on our [engineering roadmap](https://boba.network/engineering-roadmap-2022-2023/). ## License Exemption We are requesting an exemption that will allow Boba Network to use the Licensed Work to deploy it on Boba Network, a Layer 2 blockchain on Ethereum, provided that the deployment is subject to Ethereum Layer 1 Uniswap Protocol governance and control. **For - Deploy Uniswap v3 to Boba** **Against - Make no change** ## Conclusion Boba Network is primed for substantial growth in the coming year. We have implemented an aggressive developer acquisition program for projects building on not just our Ethereum L2, but also on top of Boba L2s for other chains like Avalanche, BNB, and Moonbeam. Our approach will bring in many new projects, and we feel Uniswap v3 is an essential component that will serve as a foundational layer for this growth. We welcome any [questions and comments](https://gov.uniswap.org/t/deploy-uniswap-v3-to-boba-network/18018) and are happy to provide any clarifications as needed. We are excited to submit this proposal to the Uniswap community and look forward to your feedback! Thank you.

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# Deploy Uniswap V3 to Boba Network [Governance Proposal] # Deploy Uniswap v3 on Boba Network ## Summary The Boba Network is granted an additional use grant to use the Uniswap V3 Core software code (which is made available to the Boba Network subject to license available at [here ](https://github.com/Uniswap/v3-core/blob/main/LICENSE)(the “Uniswap Code”)). As part of this additional use grant, the Boba Network receives license to use the Uniswap Code for the purposes of a full deployment of the Uniswap Protocol v3 onto the Boba Network L2 on Ethereum blockchain. The Boba Network are permitted to use subcontractors to do this work. This license is conditional on the Boba Network complying with the terms of the Business Source License 1.1, made available at https://github.com/Uniswap/v3-core/blob/main/LICENSE. Boba Network and FranklinDAO (Prev. Penn Blockchain) are submitting this proposal to Deploy Uniswap v3 on Boba Network. ## Past Voting Links [Temperature Check](https://snapshot.org/#/uniswap/proposal/0x5387b0756442268d283d4ac7f3f4bc4cc0204c5e47b9708e5128fcbdea2d0cd1): Passed with 15M Yes Votes [Consensus Check](https://snapshot.org/#/uniswap/proposal/0xe523d31000db5ecb16b002efd2ee984b958928b01cee140212eefc3ed5bcdfcd): Passed with 17.5M Yes Votes ## Summary In cooperation with DMA Labs (a major contributor to [ICHI’s](https://www.ichi.org/) Uniswap v3 management protocols) and support of furthering the vision of Multichain Uniswap 15, we propose that the Uniswap community vote to authorize the deployment of Uniswap v3 to Boba Network. Boba Network is a blockchain Layer 2 scaling solution and [Hybrid Compute](https://cryptodaily.co.uk/2022/07/boba-networks-hybrid-compute-why-it-will-unlock-blockchains-true-potential) platform offering lightning fast transactions and fees anywhere from 40-100x less than the respective Layer 1. Boba’s Hybrid Compute brings the power of Web2 on-chain, with smarter smart contracts that allow developers and creators to leverage off-chain compute and real-world data to offer an enriched experience unlike anything else on the market today. In addition, Boba Network is the first and only [multichain ](https://www.theblock.co/post/149837/ethereum-layer-2-boba-network-integrates-with-fantom-and-moonbeam) Layer 2, deploying on leading Layer 1 chains such as Ethereum, Avalanche, BNB and Moonbeam. Deploying on Boba will expand the Uniswap community to include users of the Boba multichain ecosystem, helping Uniswap on its journey to become a leading product in the multichain world. The timeline for deployment will be approximately 3-4 weeks following the Governance Proposal, with contract deployment being handled by the Boba Network team . ## Proposal We believe there are many benefits for the Uniswap Protocol, some of which include: Ethereum equivalence. Developer tools, resources, projects, and protocols supported by Ethereum are already supported on Boba Network. A trustless bridge architecture to bridge assets from Ethereum to the Boba Network L2 has been in place since mainnet launch, with many bridging partners extending our bridge capabilities, such as Across.to, Synapse, Multichain and Layerswap. Low cost transactions with high security. As an Ethereum L2, Boba Network relies on Ethereum’s strong base layer security while providing very low cost transactions, with fees anywhere from 40-100x less than Ethereum. ## Details for Incentivized Adoption of Uniswap v3 Boba Network will provide $1M $BOBA tokens to foster the usage of Uniswap v3 on Boba Network. The tokens will be sent to a multisig wallet co-owned by the Uniswap Grants Program (UGP) and Boba Network, who will work to deploy the funds as follows: The incentives should be designed together with other projects which are operating on top of Uniswap v3 such as ICHI, Perpetual Protocol, Paraswap, or 1inch. The $BOBA can be used to incentivize liquidity but should not be limited to this use case. Anything increasing the usage of Uniswap v3 on Boba Network, including building new applications on top of Uniswap v3, should be supported. The goal is to deploy the $1M in the time period of one year. Funds not used after two years would go back to Boba. The spending is limited to $1M - the transferred amount of $BOBA as part of the proposal. Boba Network can decide to increase this amount based on the outcome of this initiative. In addition to this, Boba Network has already contributed more than $4M of liquidity on Uniswap v3 to bootstrap the initial success of Uniswap v3 on the Boba Network. ## Security Boba Network is designed so that users can send arbitrary messages between smart contracts on L2 and L1. Users can relay messages themselves. The security of the messages passed is secured within the rollup protocol. Bridging and sequencing transactions is based on Optimism’s [Optimistic Rollup](https://github.com/ethereum-optimism/optimism) codebase. From L1 to L2, users need to trigger the CanonicalTransactionChain contract on L1 to create a new block on Boba Network. Our Sequencer is then forced to include the transaction on L2. From L2 to L1: Making provable statements about the state of Boba requires a cryptographic commitment in the form of the root of the Boba’s state trie to a smart contract on L1 called the StateCommitmentChain. We regularly publish updates of the state trie. With Merkle tree proofs of the commitments, users can use these proofs to make verifiable statements about the data within the storage of any contract on Boba at a specific block height. This can then be used to enable contracts on Boba L2 to send messages to contracts on L1. The bridge uses the security of the source chain (L1). In an Optimistic Rollup design, state commitments are published to L1 without any direct proof of the validity of these commitments. Instead, these commitments are considered pending for a period of time (called the “challenge window”). In the challenge window the commitment could be invalidated through a fraud proof. Fraud proof challenges are not enabled and there’s a single sequencer design currently in production. In the event of fraud, the malicious actor and the prover of fraud will (in the future) play out an interactive challenge game and the malicious actor will be slashed. The Boba Network codebase and Optimism’s codebase have undergone multiple audits, with no outstanding vulnerabilities. More details about Boba Network can be found on our [engineering roadmap](https://boba.network/engineering-roadmap-2022-2023/). ## License Exemption We are requesting an exemption that will allow Boba Network to use the Licensed Work to deploy it on Boba Network, a Layer 2 blockchain on Ethereum, provided that the deployment is subject to Ethereum Layer 1 Uniswap Protocol governance and control. **For - Deploy Uniswap v3 to Boba** **Against - Make no change** ## Conclusion Boba Network is primed for substantial growth in the coming year. We have implemented an aggressive developer acquisition program for projects building on not just our Ethereum L2, but also on top of Boba L2s for other chains like Avalanche, BNB, and Moonbeam. Our approach will bring in many new projects, and we feel Uniswap v3 is an essential component that will serve as a foundational layer for this growth. We welcome any [questions and comments](https://gov.uniswap.org/t/deploy-uniswap-v3-to-boba-network/18018) and are happy to provide any clarifications as needed. We are excited to submit this proposal to the Uniswap community and look forward to your feedback! Thank you.

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# Deploy Uniswap V3 on zkSync ## FranklinDAO (Prev. Penn Blockchain) is creating this proposal in partnership with Matter Labs to Deploy Uniswap V3 on zkSync. Matter Labs: @zkSync **Proposal History** The [consensus check](https://snapshot.org/#/uniswap/proposal/0xe6ad2033b04559b3db6be7fa9993f05ee68f43f1061c632382c88e367e76bfb1) passed with 24M (~100%) YES votes. The [temperature check](https://snapshot.org/#/uniswap/proposal/0xab1dbb6e3486073b81cc64b81d15d24a7bf82efcfc94e533de0779250df06ba9) passed with 15M (~100%) YES votes. **Summary** To support Uniswap's multichain mission and expand cross-chain experiences, we propose the deployment of Uniswap V3 to zkSync 2.0 on behalf of the community. - zkSync ecosystem has over [100 projects](https://ecosystem.zksync.io/) committed to launching on mainnet, including top DeFi protocols, infrastructure, on/off ramps, etc. - Deploying on zkSync will onboard new users & increase user activity on Uniswap by decreasing costs compared to Ethereum without security degradation - zkSync shares Ethereum's ethos as a free open-source project with a commitment to personal sovereignty, decentralization and community ownership We welcome feedback from the community on the proposal, including suggestions on how it can be improved. **About zkSync** zkSync 2.0 is a [ZK rollup](https://ethereum.org/en/developers/docs/scaling/zk-rollups/) that supports generalized EVM compatibility for the Ethereum blockchain. The primary benefit of zkSync 2.0 is that developers who have created EVM dApps can port to zkSync 2.0 effortlessly and realize significantly lower gas fees and more transactions per second without compromising on security. zkSync 2.0 is a significant leap forward in Layer 2 technologies with long awaited improvements and benefits for Ethereum developers: - EVM Compatible - supporting generalized EVM smart contracts on a ZK rollup making it easy to deploy existing dApps - ToolChain Compatible - able to port smart contracts with existing tools - Ethos Compatible - aligned with the ethos of decentralization and open-source - Certainty - using zero knowledge proofs offering certainty of security not probability - Future Proof - ecosystem partners that adopt zkSync 2.0 now will enjoy all future improvements without the need to change their code There is broad consensus that ZK rollups are the endgame for scaling Ethereum. zkSync's EVM compatibility, ease of use, and composability will accelerate developer and retail adoption. Top researchers including [Vitalik Buterin](https://youtu.be/XW0QZmtbjvs) recognize ZK rollups as the long term scaling solution. **Security & Bridges** ZK rollups are the most secure scalability solution available today as they rely purely on math to fully inherit the security of Ethereum. There is a general L1<>L2 communication bridge which will support arbitrary message passing and secured by validity proof and Ethereum consensus. Bridge validators can't pass an incorrect message or change the content, the worst case would be to censor everyone. Importantly, we'll be building out additional safety functionality and monitoring off & on-chain activity. [Security is top of mind](https://docs.zksync.io/dev/security/approach/#_1-security-by-correctness) for zkSync. We are currently working with tier-1 auditors for zkSync 2.0 and specifically in the review process for the bridge code. Audits will be conducted before each major upgrade. Besides audits, we offer a substantial [bug bounty program](https://docs.zksync.io/dev/security/bug-bounty/). **Proposal** There's significant value in Uniswap being available on an EVM compatible ZK rollup. Deploying early on zkSync helps solidify Uniswap's place as the number one DEX and a thought leader. Importantly, it will help grow a large list of projects that can be built on Uniswap V3. Established projects like Argent, Curve, and Yearn have committed to launch along with [over 100 more projects](https://ecosystem.zksync.io/) and big infrastructure players like Chainlink, The Graph, Gnosis are supporting the ecosystem. Growing the public smart contract libraries interfacing and using Uniswap v3 codebase will solidify Uniswap's influence in the Ethereum ecosystem which is moving on to ZK rollups. While the zkSync ecosystem is already experiencing very fast growth, the team is planning programs to attract and fund innovative projects and research partners to accelerate the network's adoption and in turn, Uniswap's usage. **License Exemption** We are requesting an exemption via an Additional Use Grant (license change enacted via the ENS domain uniswap.eth) that would allow Matter Labs to use the Licensed Work to deploy it on zkSync provided that the deployment is subject to Ethereum layer 1 Uniswap Protocol governance and control. Uniswap V3 will be deployed on zkSync by Matter Labs through the "[Deploy Uniswap V3 Script](https://github.com/Uniswap/deploy-v3#deploy-uniswap-v3-script)" albeit we may need to modify the compilation step with approval from the Uniswap Labs team. **Timeline** Following the Governance Proposal we will be ready to move forward with the Uniswap V3 deployment on zkSync.zkSync has been on testnet since February 2022 and plans to launch mainnet [early October](https://blog.matter-labs.io/100-days-to-mainnet-6f230893bd73). A timely assessment of the deployment of Uniswap v3 code to zkSync is important: while deploying on zkSync is fast and easy because it's fully EVM compatible, we estimate the full effort will take 4-6 weeks given Uniswap's relevance. This allows for proper testing, communication to the community and engagement with the broader zkSync ecosystem.

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