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Compound · closed proposal
# Increase Collateral Factor for rsETH on Ethereum WETH Comet\n### Summary\n\nFollowing the ongoing isolation of rsETH on the Ethereum WETH Comet, a mechanical constraint prevents existing rsETH-backed borrowers from unwinding their positions in an orderly manner. With the rsETH borrow collateral factor currently at 0%, **the Comet requires a borrower to repay their outstanding WETH debt in full before any rsETH collateral can be withdrawn**. For looped rsETH/ETH positions, this makes gradual, i
0x683a…6c02·ended 57y ago·● MEDIUM RISK
Voters
17
COMP voted
661373613999325.75B
≈$11395467369208384.00B
Token price
$17.23
AI summary
This proposal aims to help users who have borrowed WETH using rsETH as collateral on Compound's WETH Comet market. Currently, a technical issue prevents these users from gradually withdrawing their rsETH collateral, forcing them to repay their entire WETH debt at once. The proposal suggests increasing the collateral factor for rsETH from 0% to 80% to allow for partial repayments and orderly withdrawal of collateral.
Impact
If passed, users with rsETH collateral will be able to manage their positions more flexibly, reducing the risk of forced liquidations and making it easier to unwind their loans. This benefits existing borrowers of WETH against rsETH.
Voting results
For661373613999325.75B (100.0%)
Against0 (0.0%)
Abstain0 (0.0%)
661373613999325.75B COMP · ≈$11395467369208384.00B · 17 votersblock 2026-07-13T12:56:35Z
🐳 Whale votes
0 votes > 5% VPNo whale votes on this proposal.
Full proposal
Original markdown · Compound
Increase Collateral Factor for rsETH on Ethereum WETH Comet\n### Summary\n\nFollowing the ongoing isolation of rsETH on the Ethereum WETH Comet, a mechanical constraint prevents existing rsETH-backed borrowers from unwinding their positions in an orderly manner. With the rsETH borrow collateral factor currently at 0%, the Comet requires a borrower to repay their outstanding WETH debt in full before any rsETH collateral can be withdrawn. For looped rsETH/ETH positions, this makes gradual, iterative unwinding impossible and forces a single full repayment that many users cannot complete in …
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