Skip to content

Commit

Permalink
update proposal description
Browse files Browse the repository at this point in the history
  • Loading branch information
dmitriy-woof-software committed Apr 12, 2024
1 parent b8b508d commit 5f28d58
Showing 1 changed file with 1 addition and 1 deletion.
Original file line number Diff line number Diff line change
Expand Up @@ -124,7 +124,7 @@ export default migration('1712610251_configurate_and_ens', {
},
];

const description = "# Initialize cWETH-LRTv3 on Ethereum\n\n## Proposal summary\n\nCompound Growth Program [AlphaGrowth] proposes deployment of Compound III to Ethereum network. This proposal takes the governance steps recommended and necessary to initialize a Compound III WETH-LRT market on Ethereum; upon execution, cWETH-LRTv3 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/add-market-ezeth-on-eth-mainnet/5062/4).\n\nFurther detailed information can be found on the corresponding [deployment pull request](https://github.com/compound-finance/comet/pull/TODO), [proposal pull request](https://github.com/compound-finance/comet/pull/TODO), [deploy market GitHub action run](TODO) and [forum discussion](https://www.comp.xyz/t/add-market-ezeth-on-eth-mainnet/5062).\n\n\n## Proposal Actions \n\nThe first action sets the CometFactory for the new Comet instance in the existing Configurator.\n\nThe second action configures the Comet instance in the Configurator.\n\nThe third action deploys an instance of the newly configured factory and upgrades the Comet instance to use that implementation.\n\nThe fourth action configures the existing rewards contract for the newly deployed Comet instance.\n\nThe fifth and sixth actions are to wrap 5 ETH from the Timelock, and transfer the 5 WETH to the new Comet instance, in order to seed reserves.\n\nThe seventh action is to transfer 600 an additional COMP to the v3 rewards contract, in order to refresh its supply.\n\nThe eight 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 Ethereum cWETH-LRTv3 market.\n";
const description = "# Initialize cWETH-LRTv3 on Ethereum\n\n## Proposal summary\n\nCompound Growth Program [AlphaGrowth] proposes deployment of Compound III to Ethereum network. This proposal takes the governance steps recommended and necessary to initialize a Compound III WETH-LRT market on Ethereum; upon execution, cWETH-LRTv3 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/add-market-ezeth-on-eth-mainnet/5062/4).\n\nFurther detailed information can be found on the corresponding [deployment pull request](https://github.com/compound-finance/comet/pull/845), [deploy market GitHub action run](https://github.com/woof-software/comet/actions/workflows/deploy-market.yaml) and [forum discussion](https://www.comp.xyz/t/add-market-ezeth-on-eth-mainnet/5062).\n\n\n## Proposal Actions \n\nThe first action sets the CometFactory for the new Comet instance in the existing Configurator.\n\nThe second action configures the Comet instance in the Configurator.\n\nThe third action deploys an instance of the newly configured factory and upgrades the Comet instance to use that implementation.\n\nThe fourth action configures the existing rewards contract for the newly deployed Comet instance.\n\nThe fifth and sixth actions are to wrap 5 ETH from the Timelock, and transfer the 5 WETH to the new Comet instance, in order to seed reserves.\n\nThe seventh action is to transfer 600 an additional COMP to the v3 rewards contract, in order to refresh its supply.\n\nThe eight 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 Ethereum cWETH-LRTv3 market.\n";
const txn = await deploymentManager.retry(
async () => trace((await governor.propose(...await proposal(actions, description))))
);
Expand Down

0 comments on commit 5f28d58

Please sign in to comment.