I agree 100%. You’ve been very active in DAOs and decentralized governance at Tally and one of the hardest challenges to solve is voter participation. I’m optimistic about the systems and incentive structures y’all are building at Tally, perhaps Moonwell can adopt them someday.
2 Likes
Thanks for all the feedback so far. As a next step, Moonwell contributors at Solidity Labs are going to prepare a goverance proposal that if successful would do the following:
- Reduce unstaking cooldown from 10 days to 7 days
- Require voting at least once in the last 30 days before claiming your staking rewards
By putting this up for an onchain vote later this week, we can all decide whether we like this idea enough to implement it or not.
Thanks for participating, and please be sure to vote. I’ll announce in this forum when the vote is live. Thanks in advance!
4 Likes
Thanks Luke, looking forward to some great ideas
2 Likes
Proposal MIP-X05 is now live. Thanks for all of your feedback: Moonwell - Lending made simple
2 Likes
I like seeing 5% on no votes, it means we have an active governance community. Would any no voters care to share their reasoning here? I think it would be a good thing to discuss any concerns you might have.
3 Likes
Idk for someone like me who is new to this kind of world at first glance it does feel like some friction there but thinking about it doesnt seem like a big deal, however as someone mentioned previously with maybe having more incentives like a shorter cooldown on unstaking or NFT’s etc would get me more interested in voting rather than having a mechanic that feels like im forced to do something. Thats just how I feel but im no expert im learning as i go lol
1 Like
For each chain voting, voting rewards are also needed to claim in each chain, is that right?
1 Like
I think voting once a month isn’t a bad suggestion. But playing with peoe money is not cool. I would suggest creating an incentive that would make people want to vote and engage more often like offering higher interest rates and/or giving bonus tokens. But people are out here struggling as it is and that could hurt someone who needs access to their funds.
1 Like
What happens when there is no proposal to vote? As of now, I am not seeing any proposal live. Are we going to have dummy proposals starting Nov1 in case of no live proposals?
2 Likes
I don’t like the fact you are required to vote . I understand that your encouraging participation but this vote requirement to enable staking withdrawal just seems really wrong there have to be better ways to motivate people to be involved if this new
Proposal would have any positive effect I’m sure some other defi community would have spoken up about it
1 Like
to claim rewards not staking withdraws I think.
1 Like
In my opinion people won’t get involved in voting if they really don’t want too . They will just delegate their voting power to someone else. Won’t a situation like this just put more voting power to delegates who already a lot of weight in opinion. I just have a strong feeling that yes more people will have their vote Counted but that won’t necessarily translate to more participation and diversity so what’s more important getting more votes dispersed among the delegates or people active participation and attention
My only issue with this, i have never actually seen an active vote during UK times since i’ve joined moonwell, so votes will need to have longer times to allow the global community to vote, if not i will have a fear i’ll never get to claim my rewards ever
3 Likes
I understand your concern. From what I know, proposals remain active for 72 hours, giving community members time to review, consider, and vote. Typically, proposals are announced and discussed in the forum ahead of time, so we actually have some time to familiarize ourselves with them before they go live. Of course, we all have other things to focus on, especially if voting falls on the weekend, and it can be difficult to set aside time just for this.
Regarding your issue with timing, I suggest subscribing to voting notifications, which can help avoid missing any. Boardroom has made it easy with single-click email sign-ups, allowing Moonwell voters to get notifications of governance activity. You can find more details here: x.com.
1 Like
I’m against it because I want to invest my money and get the rewards I deserve for it. I don’t have a lot of free time and so I don’t want to follow the new polls and I’m stressed out by the idea that if I don’t, I’ll get some kind of penalty in the form of taking much longer to collect the rewards.
2 Likes
Following up here, MIP-X05 succeeded and executed this morning. I have tested the new cooldown and it’s working!
Sadly some users did report that this change had a side effect of making you restart the cooldown if you were already waiting for the cooldown to complete. If this impacted you, I’m very sorry as we didn’t anticipate this.
If it’s any consolation, the Safety Module on Base did get a slight increase (1%) in liquidity incentives in the MIP-X04 proposal that passed this morning also, but I apologize that contributors Solidity Labs and I didn’t anticipate this side effect.
If you were waiting for a cooldown, please restart the cooldown. 
3 Likes
One other note: the Safety Module on Moonbeam is still a 10 day cooldown. Because the code deployed there relies on block height instead of block timestamps like Base and Optimism, it requires a small modification to the code for this to work.
Halborn Security is currently auditing this small change (as they audit all changes to the Moonwell protocol), and we anticipate this audit will complete and be ready for an onchain vote to upgrade the contract in the next 1-2 weeks.
Thanks!
3 Likes
happend to me but is okay 
maybe there will be a way to add ammount that u want to unstake insted off all in the future ?
Compound failed primarily because of low voter participation/large delegates being “AFK” at the wrong time, for lack of better phrasing. I think this proposal is a good step to increasing voter participation in that it provides a tangible incentive for people to be involved; however, I will say that this incentivizes participants to “complete voting” rather than incentivizing the quality of voting participation. Overall though, I am for the proposal, and I’d personally think this to be helpful for the DAO.
I especially agree with the comments from @Winder and @PGov about making this process tiered in a way. I am somewhat concerned with this proposal in the legal scope of things, as it ties the staking module directly back to DAO participants, which may come under some legal scrutiny.
2 Likes
This proposal is great because tbh it worked on me.
I’ve been very busy and have only really been able to be active on Uniswap governance. But I saw the notification that I have to vote for staking rewards on Moonwell and it pushed me to vote and then set up this account. Now that I’m here though I’ve been looking through the proposals and wish to participate here like I used to for Aave/Compound.
2 Likes