0xdc1f9868…e432sent to0xc0da0293…6529·#20,148,691·view on Etherscan
# Add rsETH as collateral into cWETHv3 on Mainnet
## Proposal summary
Compound Growth Program [AlphaGrowth] proposes to add rsETH 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 rsETH](https://www.comp.xyz/t/add-rseth-market-on-ethereum-mainnet/5118/8).
Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/870) and [forum discussion rsETH](https://www.comp.xyz/t/add-rseth-market-on-ethereum-mainnet/5118).
## Proposal Actions
The first proposal action adds rsETH 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.