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Add USDC and USDC as collaterals to WETH market on Optimism (#900)
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deployments/optimism/weth/migrations/1722506088_add_usdt_and_usdc_as_collaterals.ts
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|---|---|---|
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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'; | ||
| import { ethers } from 'ethers'; | ||
|
|
||
| const USDT_ADDRESS = '0x94b008aA00579c1307B0EF2c499aD98a8ce58e58'; | ||
| const USDT_USD_PRICE_FEED_ADDRESS = '0xECef79E109e997bCA29c1c0897ec9d7b03647F5E'; | ||
|
|
||
| const USDC_ADDRESS = '0x0b2C639c533813f4Aa9D7837CAf62653d097Ff85'; | ||
| const USDC_USD_PRICE_FEED_ADDRESS = '0x16a9FA2FDa030272Ce99B29CF780dFA30361E0f3'; | ||
|
|
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| const ETH_USD_PRICE_FEED_ADDRESS = '0x13e3Ee699D1909E989722E753853AE30b17e08c5'; | ||
|
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| export default migration('1722506088_add_usdt_and_usdc_as_collaterals', { | ||
| async prepare(deploymentManager: DeploymentManager) { | ||
| const _usdtPriceFeed = await deploymentManager.deploy( | ||
| 'USDT:priceFeed', | ||
| 'pricefeeds/ReverseMultiplicativePriceFeed.sol', | ||
| [ | ||
| USDT_USD_PRICE_FEED_ADDRESS, // USDT / USD price feed | ||
| ETH_USD_PRICE_FEED_ADDRESS, // USD / ETH price feed | ||
| 8, // decimals | ||
| 'USDT / USD USD / ETH', // description | ||
| ] | ||
| ); | ||
|
|
||
| const _usdcPriceFeed = await deploymentManager.deploy( | ||
| 'USDC:priceFeed', | ||
| 'pricefeeds/ReverseMultiplicativePriceFeed.sol', | ||
| [ | ||
| USDC_USD_PRICE_FEED_ADDRESS, // USDC / USD price feed | ||
| ETH_USD_PRICE_FEED_ADDRESS, // USD / ETH price feed | ||
| 8, // decimals | ||
| 'USDC / USD USD / ETH', // description | ||
| ] | ||
| ); | ||
|
|
||
| return { usdtPriceFeed: _usdtPriceFeed.address, usdcPriceFeed: _usdcPriceFeed.address }; | ||
| }, | ||
|
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||
| enact: async (deploymentManager: DeploymentManager, govDeploymentManager: DeploymentManager, { usdtPriceFeed, usdcPriceFeed }) => { | ||
| const trace = deploymentManager.tracer(); | ||
| const { | ||
| bridgeReceiver, | ||
| comet, | ||
| cometAdmin, | ||
| configurator | ||
| } = await deploymentManager.getContracts(); | ||
|
|
||
| const { | ||
| governor, | ||
| opL1CrossDomainMessenger | ||
| } = await govDeploymentManager.getContracts(); | ||
|
|
||
| const USDT = await deploymentManager.existing( | ||
| 'USDT', | ||
| USDT_ADDRESS, | ||
| 'optimism', | ||
| 'contracts/ERC20.sol:ERC20' | ||
| ); | ||
|
|
||
| const usdtPricefeed = await deploymentManager.existing( | ||
| 'USDT:priceFeed', | ||
| usdtPriceFeed, | ||
| 'optimism' | ||
| ); | ||
|
|
||
| const usdtAssetConfig = { | ||
| asset: USDT.address, | ||
| priceFeed: usdtPricefeed.address, | ||
| decimals: 6n, | ||
| borrowCollateralFactor: exp(0.80, 18), | ||
| liquidateCollateralFactor: exp(0.85, 18), | ||
| liquidationFactor: exp(0.95, 18), | ||
| supplyCap: exp(10_000_000, 6), | ||
| }; | ||
|
|
||
| const USDC = await deploymentManager.existing( | ||
| 'USDC', | ||
| USDC_ADDRESS, | ||
| 'optimism', | ||
| 'contracts/ERC20.sol:ERC20' | ||
| ); | ||
|
|
||
| const usdcPricefeed = await deploymentManager.existing( | ||
| 'USDC:priceFeed', | ||
| usdcPriceFeed, | ||
| 'optimism' | ||
| ); | ||
|
|
||
| const usdcAssetConfig = { | ||
| asset: USDC.address, | ||
| priceFeed: usdcPricefeed.address, | ||
| decimals: 6n, | ||
| borrowCollateralFactor: exp(0.80, 18), | ||
| liquidateCollateralFactor: exp(0.85, 18), | ||
| liquidationFactor: exp(0.95, 18), | ||
| supplyCap: exp(15_000_000, 6), | ||
| }; | ||
|
|
||
| const addUSDTAssetCalldata = ethers.utils.defaultAbiCoder.encode( | ||
| ['address', 'tuple(address,address,uint8,uint64,uint64,uint64,uint128)'], | ||
| [comet.address, | ||
| [ | ||
| usdtAssetConfig.asset, | ||
| usdtAssetConfig.priceFeed, | ||
| usdtAssetConfig.decimals, | ||
| usdtAssetConfig.borrowCollateralFactor, | ||
| usdtAssetConfig.liquidateCollateralFactor, | ||
| usdtAssetConfig.liquidationFactor, | ||
| usdtAssetConfig.supplyCap | ||
| ] | ||
| ] | ||
| ); | ||
|
|
||
| const addUSDCAssetCalldata = ethers.utils.defaultAbiCoder.encode( | ||
| ['address', 'tuple(address,address,uint8,uint64,uint64,uint64,uint128)'], | ||
| [comet.address, | ||
| [ | ||
| usdcAssetConfig.asset, | ||
| usdcAssetConfig.priceFeed, | ||
| usdcAssetConfig.decimals, | ||
| usdcAssetConfig.borrowCollateralFactor, | ||
| usdcAssetConfig.liquidateCollateralFactor, | ||
| usdcAssetConfig.liquidationFactor, | ||
| usdcAssetConfig.supplyCap | ||
| ] | ||
| ] | ||
| ); | ||
|
|
||
| const deployAndUpgradeToCalldata = ethers.utils.defaultAbiCoder.encode( | ||
| ['address', 'address'], | ||
| [configurator.address, comet.address] | ||
| ); | ||
|
|
||
| const l2ProposalData = ethers.utils.defaultAbiCoder.encode( | ||
| ['address[]', 'uint256[]', 'string[]', 'bytes[]'], | ||
| [ | ||
| [ | ||
| configurator.address, | ||
| configurator.address, | ||
| cometAdmin.address | ||
| ], | ||
| [ | ||
| 0, | ||
| 0, | ||
| 0 | ||
| ], | ||
| [ | ||
| 'addAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))', | ||
| 'addAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))', | ||
| 'deployAndUpgradeTo(address,address)', | ||
| ], | ||
| [ | ||
| addUSDTAssetCalldata, | ||
| addUSDCAssetCalldata, | ||
| deployAndUpgradeToCalldata, | ||
| ] | ||
| ] | ||
| ); | ||
|
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||
| const mainnetActions = [ | ||
| // 1. Set Comet configuration and deployAndUpgradeTo WETH Comet on Optimism. | ||
| { | ||
| contract: opL1CrossDomainMessenger, | ||
| signature: 'sendMessage(address,bytes,uint32)', | ||
| args: [bridgeReceiver.address, l2ProposalData, 3_000_000], | ||
| }, | ||
| ]; | ||
|
|
||
| const description = '# Add USDT and USDC as collateral into cWETHv3 on Optimism\n\n## Proposal summary\n\nCompound Growth Program [AlphaGrowth] proposes to add USDT and USDC into cWETHv3 on Optimism network. This proposal takes the governance steps recommended and necessary to update a Compound III WETH market on Optimism. 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-dai-usdc-and-usdt-as-collaterals-to-weth-comets-on-mainnet-and-arbitrum/5415/2).\n\nFurther detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/900) and [forum discussion](https://www.comp.xyz/t/add-dai-usdc-and-usdt-as-collaterals-to-weth-comets-on-mainnet-and-arbitrum/5415).\n\n\n## Proposal Actions\n\nThe first proposal action adds USDT and USDC to the WETH Comet on Optimism. This sends the encoded `addAsset` two times and `deployAndUpgradeTo` calls across the bridge to the governance receiver on Optimism.'; | ||
| const txn = await govDeploymentManager.retry(async () => | ||
| trace(await governor.propose(...(await proposal(mainnetActions, description)))) | ||
| ); | ||
|
|
||
| const event = txn.events.find(event => event.event === 'ProposalCreated'); | ||
|
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| const [proposalId] = event.args; | ||
|
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||
| trace(`Created proposal ${proposalId}.`); | ||
| }, | ||
|
|
||
| async enacted(deploymentManager: DeploymentManager): Promise<boolean> { | ||
| return true; | ||
| }, | ||
|
|
||
| async verify(deploymentManager: DeploymentManager) { | ||
| const { comet, configurator } = await deploymentManager.getContracts(); | ||
|
|
||
| const usdtAssetIndex = Number(await comet.numAssets()) - 2; | ||
| const usdcAssetIndex = Number(await comet.numAssets()) - 1; | ||
|
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||
| const USDT = await deploymentManager.existing( | ||
| 'USDT', | ||
| USDT_ADDRESS, | ||
| 'optimism', | ||
| 'contracts/ERC20.sol:ERC20' | ||
| ); | ||
|
|
||
| const usdtAssetConfig = { | ||
| asset: USDT.address, | ||
| priceFeed: '', | ||
| decimals: 6n, | ||
| borrowCollateralFactor: exp(0.80, 18), | ||
| liquidateCollateralFactor: exp(0.85, 18), | ||
| liquidationFactor: exp(0.95, 18), | ||
| supplyCap: exp(10_000_000, 6), | ||
| }; | ||
|
|
||
| // 1. & 3. Compare USDT asset config with Comet and Configurator asset info | ||
| const cometUSDTAssetInfo = await comet.getAssetInfoByAddress( | ||
| USDT_ADDRESS | ||
| ); | ||
| expect(usdtAssetIndex).to.be.equal(cometUSDTAssetInfo.offset); | ||
| expect(usdtAssetConfig.asset).to.be.equal(cometUSDTAssetInfo.asset); | ||
| expect(exp(1, usdtAssetConfig.decimals)).to.be.equal(cometUSDTAssetInfo.scale); | ||
| expect(usdtAssetConfig.borrowCollateralFactor).to.be.equal(cometUSDTAssetInfo.borrowCollateralFactor); | ||
| expect(usdtAssetConfig.liquidateCollateralFactor).to.be.equal(cometUSDTAssetInfo.liquidateCollateralFactor); | ||
| expect(usdtAssetConfig.liquidationFactor).to.be.equal(cometUSDTAssetInfo.liquidationFactor); | ||
| expect(usdtAssetConfig.supplyCap).to.be.equal(cometUSDTAssetInfo.supplyCap); | ||
|
|
||
| const configuratorUSDTAssetConfig = (await configurator.getConfiguration(comet.address)).assetConfigs[usdtAssetIndex]; | ||
| expect(usdtAssetConfig.asset).to.be.equal(configuratorUSDTAssetConfig.asset); | ||
| expect(usdtAssetConfig.decimals).to.be.equal(configuratorUSDTAssetConfig.decimals); | ||
| expect(usdtAssetConfig.borrowCollateralFactor).to.be.equal(configuratorUSDTAssetConfig.borrowCollateralFactor); | ||
| expect(usdtAssetConfig.liquidateCollateralFactor).to.be.equal(configuratorUSDTAssetConfig.liquidateCollateralFactor); | ||
| expect(usdtAssetConfig.liquidationFactor).to.be.equal(configuratorUSDTAssetConfig.liquidationFactor); | ||
| expect(usdtAssetConfig.supplyCap).to.be.equal(configuratorUSDTAssetConfig.supplyCap); | ||
|
|
||
| const USDC = await deploymentManager.existing( | ||
| 'USDC', | ||
| USDC_ADDRESS, | ||
| 'optimism', | ||
| 'contracts/ERC20.sol:ERC20' | ||
| ); | ||
|
|
||
| const usdcAssetConfig = { | ||
| asset: USDC.address, | ||
| priceFeed: '', | ||
| decimals: 6n, | ||
| borrowCollateralFactor: exp(0.80, 18), | ||
| liquidateCollateralFactor: exp(0.85, 18), | ||
| liquidationFactor: exp(0.95, 18), | ||
| supplyCap: exp(15_000_000, 6), | ||
| }; | ||
|
|
||
| // 2. & 3. Compare USDC asset config with Comet and Configurator asset info | ||
| const cometUSDCAssetInfo = await comet.getAssetInfoByAddress( | ||
| USDC_ADDRESS | ||
| ); | ||
| expect(usdcAssetIndex).to.be.equal(cometUSDCAssetInfo.offset); | ||
| expect(usdcAssetConfig.asset).to.be.equal(cometUSDCAssetInfo.asset); | ||
| expect(exp(1, usdcAssetConfig.decimals)).to.be.equal(cometUSDCAssetInfo.scale); | ||
| expect(usdcAssetConfig.borrowCollateralFactor).to.be.equal(cometUSDCAssetInfo.borrowCollateralFactor); | ||
| expect(usdcAssetConfig.liquidateCollateralFactor).to.be.equal(cometUSDCAssetInfo.liquidateCollateralFactor); | ||
| expect(usdcAssetConfig.liquidationFactor).to.be.equal(cometUSDCAssetInfo.liquidationFactor); | ||
| expect(usdcAssetConfig.supplyCap).to.be.equal(cometUSDCAssetInfo.supplyCap); | ||
|
|
||
| const configuratorUSDCAssetConfig = (await configurator.getConfiguration(comet.address)).assetConfigs[usdcAssetIndex]; | ||
| expect(usdcAssetConfig.asset).to.be.equal(configuratorUSDCAssetConfig.asset); | ||
| expect(usdcAssetConfig.decimals).to.be.equal(configuratorUSDCAssetConfig.decimals); | ||
| expect(usdcAssetConfig.borrowCollateralFactor).to.be.equal(configuratorUSDCAssetConfig.borrowCollateralFactor); | ||
| expect(usdcAssetConfig.liquidateCollateralFactor).to.be.equal(configuratorUSDCAssetConfig.liquidateCollateralFactor); | ||
| expect(usdcAssetConfig.liquidationFactor).to.be.equal(configuratorUSDCAssetConfig.liquidationFactor); | ||
| expect(usdcAssetConfig.supplyCap).to.be.equal(configuratorUSDCAssetConfig.supplyCap); | ||
| }, | ||
| }); |