# Update cbBTC price feeds on Base to SVR
AI summary
This proposal aims to update the price feeds for cbBTC (Coinbase Wrapped Bitcoin) across four Compound III markets on the Base network: AERO, USDC, USDS, and WETH. It will switch these markets to use the new SVR (Secured Valuation Reference) price feeds. SVR is designed to generate revenue from liquidators, and this revenue will be directed to the Compound DAO's multisig wallet as part of the protocol fees.
If passed, the Compound protocol on Base will use a new oracle system for cbBTC, potentially improving price accuracy and generating new revenue for the Compound DAO. The change primarily benefits the protocol's stability and the DAO treasury, with no direct negative impact on users identified.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Update cbBTC price feeds on Base to SVR
Proposal summary
This proposal updates the cbBTC price feeds in the Compound III AERO, USDC, USDS, and WETH markets on Base to use the new SVR price feeds.
Further detailed information can be found on the corresponding proposal pull request and forum discussion for SVR.
SVR fee recipient
SVR generates revenue from liquidators and Compound DAO will receive that revenue as p…