diff --git a/deployments/mainnet/weth/migrations/1718698838_add_wbtc_as_collateral.ts b/deployments/mainnet/weth/migrations/1718698838_add_wbtc_as_collateral.ts
new file mode 100644
index 000000000..375ad1b78
--- /dev/null
+++ b/deployments/mainnet/weth/migrations/1718698838_add_wbtc_as_collateral.ts
@@ -0,0 +1,158 @@
+import { expect } from 'chai';
+import { DeploymentManager } from '../../../../plugins/deployment_manager/DeploymentManager';
+import { migration } from '../../../../plugins/deployment_manager/Migration';
+import { exp, proposal } from '../../../../src/deploy';
+
+
+const WBTC_ADDRESS = '0x2260FAC5E5542a773Aa44fBCfeDf7C193bc2C599';
+const WBTC_BTC_PRICE_FEED_ADDRESS = '0xfdFD9C85aD200c506Cf9e21F1FD8dd01932FBB23';
+const BTC_ETH_PRICE_FEED_ADDRESS = '0xdeb288F737066589598e9214E782fa5A8eD689e8';
+
+export default migration('1718698838_add_wbtc_as_collateral', {
+  async prepare(deploymentManager: DeploymentManager) {
+    const wbtcMultiplicativePriceFeed = await deploymentManager.deploy(
+      'WBTC:priceFeed',
+      'pricefeeds/MultiplicativePriceFeed.sol',
+      [
+        WBTC_BTC_PRICE_FEED_ADDRESS,  // WBTC / BTC price feed
+        BTC_ETH_PRICE_FEED_ADDRESS,   // BTC / ETH price feed 
+        8,                            // decimals
+        'WBTC / USD price feed'
+      ]
+    );
+    return { wbtcPriceFeedAddress: wbtcMultiplicativePriceFeed.address };
+  },
+
+  async enact(deploymentManager: DeploymentManager, _, { wbtcPriceFeedAddress }) {
+    const trace = deploymentManager.tracer();
+
+    const WBTC = await deploymentManager.existing(
+      'WBTC',
+      WBTC_ADDRESS,
+      'mainnet',
+      'contracts/ERC20.sol:ERC20'
+    );
+
+    const wbtcPricefeed = await deploymentManager.existing(
+      'WBTC:priceFeed',
+      wbtcPriceFeedAddress,
+      'mainnet'
+    );
+
+    const {
+      governor,
+      comet,
+      cometAdmin,
+      configurator,
+    } = await deploymentManager.getContracts();
+
+    const wbtcAssetConfig = {
+      asset: WBTC.address,
+      priceFeed: wbtcPricefeed.address,
+      decimals: await WBTC.decimals(),
+      borrowCollateralFactor: exp(0.80, 18),
+      liquidateCollateralFactor: exp(0.85, 18),
+      liquidationFactor: exp(0.95, 18),
+      supplyCap: exp(1_000, 8), 
+    };
+
+    const mainnetActions = [
+      // 1. Add ezETH as asset
+      {
+        contract: configurator,
+        signature: 'addAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))',
+        args: [comet.address, wbtcAssetConfig],
+      },
+      // 2. Deploy and upgrade to a new version of Comet
+      {
+        contract: cometAdmin,
+        signature: 'deployAndUpgradeTo(address,address)',
+        args: [configurator.address, comet.address],
+      },
+    ];
+
+    const description = '# Add WBTC as collateral into cWETHv3 on Mainnet\n\n## Proposal summary\n\nCompound Growth Program [AlphaGrowth] proposes to add WBTC 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 off of the [recommendations from Gauntlet](https://www.comp.xyz/t/add-wbtc-to-weth-comets-on-ethereum-and-arbitrum/5332/1).\n\nFurther detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/868) and [forum discussion](https://www.comp.xyz/t/add-wbtc-to-weth-comets-on-ethereum-and-arbitrum/5332).\n\n\n## Proposal Actions\n\nThe first proposal action adds WBTC asset as collateral with the corresponding configuration.\n\nThe second action deploys and upgrades Comet to a new version.';
+    const txn = await deploymentManager.retry(async () =>
+      trace(
+        await governor.propose(...(await proposal(mainnetActions, description)))
+      )
+    );
+
+    const event = txn.events.find(
+      (event) => event.event === 'ProposalCreated'
+    );
+    const [proposalId] = event.args;
+    trace(`Created proposal ${proposalId}.`);
+  },
+
+  async enacted(deploymentManager: DeploymentManager): Promise<boolean> {
+    return true;
+  }, 
+
+  async verify(deploymentManager: DeploymentManager) {
+    const { comet, configurator } = await deploymentManager.getContracts();
+
+    const wbtcAssetIndex = Number(await comet.numAssets()) - 1;
+
+    const WBTC = await deploymentManager.existing(
+      'WBTC',
+      WBTC_ADDRESS,
+      'mainnet',
+      'contracts/ERC20.sol:ERC20'
+    );
+    
+    const wbtcAssetConfig = {
+      asset: WBTC.address,
+      priceFeed: '',
+      decimals: await WBTC.decimals(),
+      borrowCollateralFactor: exp(0.80, 18),
+      liquidateCollateralFactor: exp(0.85, 18),
+      liquidationFactor: exp(0.95, 18),
+      supplyCap: exp(1_000, 8),
+    };
+
+    // 1. & 2. Compare WBTC asset config with Comet and Configurator asset info
+    const cometWBTCHAssetInfo = await comet.getAssetInfoByAddress(
+      WBTC_ADDRESS
+    );
+
+    expect(wbtcAssetIndex).to.be.equal(cometWBTCHAssetInfo.offset);
+    expect(wbtcAssetConfig.asset).to.be.equal(cometWBTCHAssetInfo.asset);
+    expect(exp(1, wbtcAssetConfig.decimals)).to.be.equal(
+      cometWBTCHAssetInfo.scale
+    );
+    expect(wbtcAssetConfig.borrowCollateralFactor).to.be.equal(
+      cometWBTCHAssetInfo.borrowCollateralFactor
+    );
+    expect(wbtcAssetConfig.liquidateCollateralFactor).to.be.equal(
+      cometWBTCHAssetInfo.liquidateCollateralFactor
+    );
+    expect(wbtcAssetConfig.liquidationFactor).to.be.equal(
+      cometWBTCHAssetInfo.liquidationFactor
+    );
+    expect(wbtcAssetConfig.supplyCap).to.be.equal(
+      cometWBTCHAssetInfo.supplyCap
+    );
+    const configuratorEsETHAssetConfig = (
+      await configurator.getConfiguration(comet.address)
+    ).assetConfigs[wbtcAssetIndex];
+    expect(wbtcAssetConfig.asset).to.be.equal(
+      configuratorEsETHAssetConfig.asset
+    );
+    expect(wbtcAssetConfig.decimals).to.be.equal(
+      configuratorEsETHAssetConfig.decimals
+    );
+    expect(wbtcAssetConfig.borrowCollateralFactor).to.be.equal(
+      configuratorEsETHAssetConfig.borrowCollateralFactor
+    );
+    expect(wbtcAssetConfig.liquidateCollateralFactor).to.be.equal(
+      configuratorEsETHAssetConfig.liquidateCollateralFactor
+    );
+    expect(wbtcAssetConfig.liquidationFactor).to.be.equal(
+      configuratorEsETHAssetConfig.liquidationFactor
+    );
+    expect(wbtcAssetConfig.supplyCap).to.be.equal(
+      configuratorEsETHAssetConfig.supplyCap
+    );
+  },
+});
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