Add rsETH as collateral to WETH market on Arbitrum

deployments/arbitrum/weth/migrations/1722348053_add_rseth_as_collateral.ts

@@ -0,0 +1,192 @@
+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 { applyL1ToL2Alias, estimateL2Transaction } from '../../../../scenario/utils/arbitrumUtils';
+import { ethers } from 'ethers';
+
+const RSETH_ADDRESS = '0x4186BFC76E2E237523CBC30FD220FE055156b41F';
+const RSETH_ETH_PRICE_FEED_ADDRESS = '0x8f1dF6D7F2db73eECE86a18b4381F4707b918FB1';
+
+export default migration('1722348053_add_rseth_as_collateral', {
+  async prepare(deploymentManager: DeploymentManager) {
+    const _rsETHScalingPriceFeed = await deploymentManager.deploy(
+      'rsETH:priceFeed',
+      'pricefeeds/ScalingPriceFeed.sol',
+      [
+        RSETH_ETH_PRICE_FEED_ADDRESS, // rsETH / ETH price feed
+        8                             // decimals
+      ]
+    );
+    return { rsETHScalingPriceFeed: _rsETHScalingPriceFeed.address };
+  },
+
+  enact: async (deploymentManager: DeploymentManager, govDeploymentManager: DeploymentManager, { rsETHScalingPriceFeed }) => {
+    const trace = deploymentManager.tracer();
+    const {
+      bridgeReceiver,
+      timelock: l2Timelock,
+      comet,
+      cometAdmin,
+      configurator
+    } = await deploymentManager.getContracts();
+
+    const {
+      arbitrumInbox,
+      timelock,
+      governor
+    } = await govDeploymentManager.getContracts();
+
+    const rsETH = await deploymentManager.existing(
+      'rsETH',
+      RSETH_ADDRESS,
+      'arbitrum',
+      'contracts/ERC20.sol:ERC20'
+    );
+
+    const rsETHPricefeed = await deploymentManager.existing(
+      'rsETH:priceFeed',
+      rsETHScalingPriceFeed,
+      'arbitrum'
+    );
+
+    const rsETHAssetConfig = {
+      asset: rsETH.address,
+      priceFeed: rsETHPricefeed.address,
+      decimals: 18n,
+      borrowCollateralFactor: exp(0.80, 18),
+      liquidateCollateralFactor: exp(0.85, 18),
+      liquidationFactor: exp(0.90, 18),
+      supplyCap: exp(920, 18), 
+    };
+
+    const addAssetCalldata = ethers.utils.defaultAbiCoder.encode(
+      ['address', 'tuple(address,address,uint8,uint64,uint64,uint64,uint128)'],
+      [comet.address,
+        [
+          rsETHAssetConfig.asset,
+          rsETHAssetConfig.priceFeed,
+          rsETHAssetConfig.decimals,
+          rsETHAssetConfig.borrowCollateralFactor,
+          rsETHAssetConfig.liquidateCollateralFactor,
+          rsETHAssetConfig.liquidationFactor,
+          rsETHAssetConfig.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,
+          cometAdmin.address
+        ],
+        [
+          0,
+          0
+        ],
+        [
+          'addAsset(address,(address,address,uint8,uint64,uint64,uint64,uint128))',
+          'deployAndUpgradeTo(address,address)',
+        ],
+        [
+          addAssetCalldata,
+          deployAndUpgradeToCalldata,
+        ]
+      ]
+    );
+
+    const createRetryableTicketGasParams = await estimateL2Transaction(
+      {
+        from: applyL1ToL2Alias(timelock.address),
+        to: bridgeReceiver.address,
+        data: l2ProposalData
+      },
+      deploymentManager
+    );
+    const refundAddress = l2Timelock.address;
+
+    const mainnetActions = [
+      // 1. Set Comet configuration and deployAndUpgradeTo WETH Comet on Arbitrum.
+      {
+        contract: arbitrumInbox,
+        signature: 'createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)',
+        args: [
+          bridgeReceiver.address,                           // address to,
+          0,                                                // uint256 l2CallValue,
+          createRetryableTicketGasParams.maxSubmissionCost, // uint256 maxSubmissionCost,
+          refundAddress,                                    // address excessFeeRefundAddress,
+          refundAddress,                                    // address callValueRefundAddress,
+          createRetryableTicketGasParams.gasLimit,          // uint256 gasLimit,
+          createRetryableTicketGasParams.maxFeePerGas,      // uint256 maxFeePerGas,
+          l2ProposalData,                                   // bytes calldata data
+        ],
+        value: createRetryableTicketGasParams.deposit
+      },
+    ];
+
+    const description = '# Add rsETH as collateral into cWETHv3 on Arbitrum\n\n## Proposal summary\n\nCompound Growth Program [AlphaGrowth] proposes to add rsETH into cWETHv3 on Arbitrum network. This proposal takes the governance steps recommended and necessary to update a Compound III WETH market on Arbitrum. 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-rseth-as-collateral-on-arbitrum-and-wrseth-as-collateral-on-optimism-base-and-scroll/5445/3).\n\nFurther detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/896) and [forum discussion](https://www.comp.xyz/t/add-rseth-as-collateral-on-arbitrum-and-wrseth-as-collateral-on-optimism-base-and-scroll/5445).\n\n## Price FeedFor LRT/LSTs we use exchange rate price feeds. We are going to use this exchange rate [price feed](https://arbiscan.io/address/0x8f1dF6D7F2db73eECE86a18b4381F4707b918FB1#readContract) by Chainlink. It has the wrong description `wrsETH / rsETH Exchange Rate`. However, we were assured, that it is the right price feed by the Chainlink team. \n\n\n## Proposal Actions\n\nThe first proposal action adds rsETH to the WETH Comet on Arbitrum. This sends the encoded `addAsset` and `deployAndUpgradeTo` calls across the bridge to the governance receiver on Arbitrum.';
+    const txn = await govDeploymentManager.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(): Promise<boolean> {
+    return true;
+  }, 
+
+  async verify(deploymentManager: DeploymentManager) {
+    const { comet, configurator } = await deploymentManager.getContracts();
+
+    const rsETHAssetIndex = Number(await comet.numAssets()) - 1;
+
+    const rsETH = await deploymentManager.existing(
+      'rsETH',
+      RSETH_ADDRESS,
+      'arbitrum',
+      'contracts/ERC20.sol:ERC20'
+    );
+
+    const rsETHAssetConfig = {
+      asset: rsETH.address,
+      priceFeed: '',
+      decimals: 18n,
+      borrowCollateralFactor: exp(0.80, 18),
+      liquidateCollateralFactor: exp(0.85, 18),
+      liquidationFactor: exp(0.90, 18),
+      supplyCap: exp(920, 18),
+    };
+
+    // 1. & 2. Compare rsETH asset config with Comet and Configurator asset info
+    const cometRsETHHAssetInfo = await comet.getAssetInfoByAddress(
+      RSETH_ADDRESS
+    );
+    expect(rsETHAssetIndex).to.be.equal(cometRsETHHAssetInfo.offset);
+    expect(rsETHAssetConfig.asset).to.be.equal(cometRsETHHAssetInfo.asset);
+    expect(exp(1, rsETHAssetConfig.decimals)).to.be.equal(cometRsETHHAssetInfo.scale);
+    expect(rsETHAssetConfig.borrowCollateralFactor).to.be.equal(cometRsETHHAssetInfo.borrowCollateralFactor);
+    expect(rsETHAssetConfig.liquidateCollateralFactor).to.be.equal(cometRsETHHAssetInfo.liquidateCollateralFactor);
+    expect(rsETHAssetConfig.liquidationFactor).to.be.equal(cometRsETHHAssetInfo.liquidationFactor);
+    expect(rsETHAssetConfig.supplyCap).to.be.equal(cometRsETHHAssetInfo.supplyCap);
+
+    const configuratorRsETHAssetConfig = (await configurator.getConfiguration(comet.address)).assetConfigs[rsETHAssetIndex];
+    expect(rsETHAssetConfig.asset).to.be.equal(configuratorRsETHAssetConfig.asset);
+    expect(rsETHAssetConfig.decimals).to.be.equal(configuratorRsETHAssetConfig.decimals);
+    expect(rsETHAssetConfig.borrowCollateralFactor).to.be.equal(configuratorRsETHAssetConfig.borrowCollateralFactor);
+    expect(rsETHAssetConfig.liquidateCollateralFactor).to.be.equal(configuratorRsETHAssetConfig.liquidateCollateralFactor);
+    expect(rsETHAssetConfig.liquidationFactor).to.be.equal(configuratorRsETHAssetConfig.liquidationFactor);
+    expect(rsETHAssetConfig.supplyCap).to.be.equal(configuratorRsETHAssetConfig.supplyCap);
+  },
+});