0xd2a79f26…5a0csent to0x309a862b…c8c0·#21,939,161·view on Etherscan
# Initialize cUSDCv3 on Unichain
## Proposal summary
Compound Growth Program [AlphaGrowth] proposes the deployment of Compound III to the Unichain network. This proposal takes the governance steps recommended and necessary to initialize a Compound III USDC market on Unichain; upon execution, cUSDCv3 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-unichain/6320/9).
Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/961), [deploy market GitHub action run](https://github.com/woof-software/comet/actions/runs/13401421590/job/37432916447) and [forum discussion](https://www.comp.xyz/t/deploy-compound-iii-on-unichain/6320).
## Price feeds
The market uses all price feeds by Redstone. All other price feeds in the USDC market should be used from Redstone as well.
## Proposal Actions
The first action approves COMP tokens to be bridged.
The second action sends COMP tokens to the Unichain via a native standard bridge.
The third action approves USDC tokens to be bridged.
The fourth action sends USDC tokens to the Unichain via a CCTP bridge.
The fifth proposal action sets the Comet configuration and deploys a new Comet implementation on Unichain. This sends the encoded `setConfiguration`, `deployAndUpgradeTo`and `setRewardConfig` calls across the bridge to the governance receiver on Unichain.
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 Unichain cUSDCv3 market.