# Update rsETH Price Feeds on WETH and wstETH Markets (Mainnet)
AI summary
This proposal seeks to update the price feeds for rsETH (Kelp DAO's liquid restaking token) on Compound's WETH and wstETH markets. It introduces a new 'MinMaxConstantPriceFeed' contract that allows the Community Multisig to set minimum and maximum price bounds or a fixed constant price for rsETH. This change is a temporary measure in response to a recent exploit involving rsETH and aims to give the multisig more immediate control over the asset's price reporting.
If passed, the Community Multisig will gain the ability to quickly adjust rsETH's reported price on Compound, which could prevent further losses or stabilize the market during volatile periods. This change benefits the Compound protocol by providing a faster defense mechanism, but it centralizes control over rsETH pricing to the multisig in the short term. The liquidation pause on rsETH collateral will be lifted.
Voting results
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Update rsETH Price Feeds on WETH and wstETH Markets (Mainnet)
Summary
It is proposed to migrate the rsETH price feeds on the Mainnet WETH and wstETH Comets to a new 'MinMaxConstantPriceFeed' contract. This follows Gauntlet's proposal in response to the April 18 Kelp rsETH bridge exploit, and gives the Community Multisig a faster defensive lever than a full governance cycle.
This is intended as a temporary measure. Once the rsETH situation is resolved, a subsequent g…