Hello Apollo Community,
We wanted to follow up with everyone to inform you that we are monitoring the Multichain situation. We are currently analyzing/monitoring multiple data points to understand better how this news might impact Moonwell protocol. Here are a couple of things we are monitoring:
- Solarbeam liquidity for Multichain assets:
- Depegging of Multichain Asset Prices
- Growth of debt positions on Moonwell
| Multichain Asset | Total Liquidity | DEX Prices |
|---|---|---|
| USDC.multi | $782k | $1.00 |
| ETH.multi | $251k | $1,793 |
| USDT.multi | $239k | $1.00 |
Apollo currently has adequate collateralization of debt positions and a high percentage of recursive positions (90%+ of debt positions) that minimize exposure to protocol insolvencies. Here are some visualizations to share:
Collateralization Ratio and Collateral Usage by Asset
Top Suppliers on Apollo
Top Borrowers on Apollo
Next Steps:
Gauntlet will continue monitoring the Moonriver Ecosystem and Apollo Protocol. If we see any potential risk, we will make recommended changes.