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Add rswETH as collateral to WETH market on Mainnet (#885)
Co-authored-by: dmitriy-woof-software <[email protected]>
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deployments/mainnet/weth/migrations/1722853005_add_rsweth_as_collateral.ts
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import { expect } from 'chai'; | ||
import { DeploymentManager } from '../../../../plugins/deployment_manager/DeploymentManager'; | ||
import { migration } from '../../../../plugins/deployment_manager/Migration'; | ||
import { exp, proposal } from '../../../../src/deploy'; | ||
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const RSWETH_ADDRESS = '0xFAe103DC9cf190eD75350761e95403b7b8aFa6c0'; | ||
let newPriceFeedAddress: string; | ||
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export default migration('1722853005_add_rsweth_as_collateral', { | ||
async prepare(deploymentManager: DeploymentManager) { | ||
const _rswETHPriceFeed = await deploymentManager.deploy( | ||
'rswETH:priceFeed', | ||
'pricefeeds/RateBasedScalingPriceFeed.sol', | ||
[ | ||
RSWETH_ADDRESS, // rswETH / ETH price feed | ||
8, // decimals | ||
18, // oracleDecimals | ||
'rswETH/ETH exchange rate price feed', // description | ||
] | ||
); | ||
return { rswETHPriceFeed: _rswETHPriceFeed.address }; | ||
}, | ||
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async enact(deploymentManager: DeploymentManager, _, { rswETHPriceFeed }) { | ||
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const trace = deploymentManager.tracer(); | ||
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const rswETH = await deploymentManager.existing( | ||
'rswETH', | ||
RSWETH_ADDRESS, | ||
'mainnet', | ||
'contracts/ERC20.sol:ERC20' | ||
); | ||
const rswEthPricefeed = await deploymentManager.existing( | ||
'rswETH:priceFeed', | ||
rswETHPriceFeed, | ||
'mainnet' | ||
); | ||
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newPriceFeedAddress = rswEthPricefeed.address; | ||
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const { | ||
governor, | ||
comet, | ||
cometAdmin, | ||
configurator, | ||
} = await deploymentManager.getContracts(); | ||
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const rswETHAssetConfig = { | ||
asset: rswETH.address, | ||
priceFeed: rswEthPricefeed.address, | ||
decimals: await rswETH.decimals(), | ||
borrowCollateralFactor: exp(0.80, 18), | ||
liquidateCollateralFactor: exp(0.85, 18), | ||
liquidationFactor: exp(0.9, 18), | ||
supplyCap: exp(1_000, 18), | ||
}; | ||
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const mainnetActions = [ | ||
// 1. Add rswETH as asset | ||
{ | ||
contract: configurator, | ||
signature: 'addAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))', | ||
args: [comet.address, rswETHAssetConfig], | ||
}, | ||
// 2. Deploy and upgrade to a new version of Comet | ||
{ | ||
contract: cometAdmin, | ||
signature: 'deployAndUpgradeTo(address,address)', | ||
args: [configurator.address, comet.address], | ||
}, | ||
]; | ||
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const description = '# Add rswETH as collateral into cWETHv3 on Mainnet\n\n## Proposal summary\n\nCompound Growth Program [AlphaGrowth] proposes to add rswETH 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](https://www.comp.xyz/t/add-rsweth-as-collateral-to-eth-market-on-mainnet/5308/3).\n\nFurther detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/885) and [forum discussion](https://www.comp.xyz/t/add-rsweth-as-collateral-to-eth-market-on-mainnet/5308).\n\n\n## Proposal Actions\n\nThe first proposal action adds rswETH asset as collateral with corresponding configurations.\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))) | ||
) | ||
); | ||
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const event = txn.events.find( | ||
(event) => event.event === 'ProposalCreated' | ||
); | ||
const [proposalId] = event.args; | ||
trace(`Created proposal ${proposalId}.`); | ||
}, | ||
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async enacted(): Promise<boolean> { | ||
return true; | ||
}, | ||
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async verify(deploymentManager: DeploymentManager) { | ||
const { comet, configurator } = await deploymentManager.getContracts(); | ||
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const rswETHAssetIndex = Number(await comet.numAssets()) - 1; | ||
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const rswETH = await deploymentManager.existing( | ||
'rswETH', | ||
RSWETH_ADDRESS, | ||
'mainnet', | ||
'contracts/ERC20.sol:ERC20' | ||
); | ||
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const rswETHAssetConfig = { | ||
asset: rswETH.address, | ||
priceFeed: newPriceFeedAddress, | ||
decimals: await rswETH.decimals(), | ||
borrowCollateralFactor: exp(0.80, 18), | ||
liquidateCollateralFactor: exp(0.85, 18), | ||
liquidationFactor: exp(0.9, 18), | ||
supplyCap: exp(1_000, 18), | ||
}; | ||
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// 1. Compare rswETH asset config with Comet and Configurator asset info | ||
const cometRswETHAssetInfo = await comet.getAssetInfoByAddress(RSWETH_ADDRESS); | ||
expect(rswETHAssetIndex).to.be.equal(cometRswETHAssetInfo.offset); | ||
expect(rswETHAssetConfig.asset).to.be.equal(cometRswETHAssetInfo.asset); | ||
expect(exp(1, rswETHAssetConfig.decimals)).to.be.equal(cometRswETHAssetInfo.scale); | ||
expect(rswETHAssetConfig.borrowCollateralFactor).to.be.equal(cometRswETHAssetInfo.borrowCollateralFactor); | ||
expect(rswETHAssetConfig.liquidateCollateralFactor).to.be.equal(cometRswETHAssetInfo.liquidateCollateralFactor); | ||
expect(rswETHAssetConfig.liquidationFactor).to.be.equal(cometRswETHAssetInfo.liquidationFactor); | ||
expect(rswETHAssetConfig.supplyCap).to.be.equal(cometRswETHAssetInfo.supplyCap); | ||
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const configuratorRswETHAssetConfig = (await configurator.getConfiguration(comet.address)).assetConfigs[rswETHAssetIndex]; | ||
expect(rswETHAssetConfig.asset).to.be.equal(configuratorRswETHAssetConfig.asset); | ||
expect(rswETHAssetConfig.decimals).to.be.equal(configuratorRswETHAssetConfig.decimals); | ||
expect(rswETHAssetConfig.borrowCollateralFactor).to.be.equal(configuratorRswETHAssetConfig.borrowCollateralFactor); | ||
expect(rswETHAssetConfig.liquidateCollateralFactor).to.be.equal(configuratorRswETHAssetConfig.liquidateCollateralFactor); | ||
expect(rswETHAssetConfig.liquidationFactor).to.be.equal(configuratorRswETHAssetConfig.liquidationFactor); | ||
expect(rswETHAssetConfig.supplyCap).to.be.equal(configuratorRswETHAssetConfig.supplyCap); | ||
}, | ||
}); |