0x2b384212…bf33sent to0xc0da0293…6529·#19,416,674·view on Etherscan
v3-official-markets# Initialize cUSDCv3 on Base
This proposal initializes the Compound III USDC market on Base as a first step to fully migrating to native USDC on base. The entirety of this proposal was simulated and indicates success. The [parameters for this deployment](https://www.comp.xyz/t/gauntlet-usdc-native-comet-market-to-compound-base-02-09-24/4982) and the [rewards configuration](https://www.comp.xyz/t/gauntlet-native-usdc-base-comet-incentives-recommendations/5009) were recommended by Gauntlet.
See links for more details:
- [proposal pull request](https://github.com/compound-finance/comet/pull/828)
- [forum discussion](https://www.comp.xyz/t/gauntlet-usdc-native-comet-market-to-compound-base-02-09-24/4982)
## Proposal Actions
1) The first proposal action sets the configurator factory address, sets Comet configuration, and deploys a new Comet implementation on Base. It also sets the rewards config for the new market to 20 COMP/Day for suppliers and 8 COMP/Day for borrowers.
2) The second 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 Base cUSDCv3 market.
3) The third action pays arr00 115 COMP for the development effort for this proposal.