0x13bdae8c…8548sent to0xc0da0293…6529·#20,149,075·view on Etherscan
# Add weETH as collateral into cWETHv3 on Mainnet
## Proposal summary
Compound Growth Program [AlphaGrowth] proposes to add weETH 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 weETH](https://www.comp.xyz/t/add-weeth-market-on-ethereum/5179/3).
Further detailed information can be found on the corresponding [proposal pull request](PR - https://github.com/compound-finance/comet/pull/869) and [forum discussion weETH](https://www.comp.xyz/t/add-weeth-market-on-ethereum/5179).
## Proposal Actions
The first proposal action adds weETH asset as collateral with corresponding configurations.
The second action sets new Annual Supply Interest Rate Slope High to 100%.
The third action sets new Annual Borrow Interest Rate Slope High to 115%.
The fourth action deploys and upgrades Comet to a new version.