0x871fac07…e26csent to0x309a862b…c8c0·#23,831,061·view on Etherscan
# Add USDC and USDT as collaterals into cWETHv3 on Mainnet
## Proposal summary
WOOF proposes to add USDC and USDT 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/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/1057) 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 action adds USDC asset as collateral with corresponding configurations.
The second action adds USDT asset as collateral with corresponding configurations.
The third action upgrades Comet to a new version.