This is an automated proposal generated by the Moonwell Market Reward Adjustment Tool.
The link of the proposal on Governance Portal: Moonwell: DeFi's Liquidity Well
- Submitter: Fei
- Generator Version: 1.0.13
- Generated At: Thu, 08 Jun 2023 23:04:23 GMT
- Network: Moonbeam
- Block Height: 3,739,680
The submitter (Fei), as part of this proposal, will get 10,000 WELL sent to their wallet at 0x2c4578032aa885C9b4c1Da15e6738D5A0AFb56C4.
Safety Module
At the time this proposal was generated there was 236,006,273 WELL staked in the Safety Module, with a valuation of $1,118,760.50 (based on a WELL price of $0.004740 pulled from StellaSwap).
This proposal, if executed, would adjust the rewards on the Safety Module to keep emissions the same and emits 6,490,384 WELL over the next 28 days:
- Current (estimated APR =
~35.87%):
2.6829 WELL / second231,799.44 WELL / day6,490,384.20 WELL / reward cycle (28 days)
- Proposed (estimated APR =
~35.87%):
2.6829 WELL / second231,799.44 WELL / day6,490,384.20 WELL / reward cycle (28 days)
DEX Liquidity Pool Rewarder
At the time this proposal was generated there were 44,782,770 WELL and 811,661 GLMR provided by liquidity providers in the StellaSwap WELL/GLMR pool totaling $424,575.11.
This proposal, if executed, would adjust the rewards on the Dex Rewarder to keep emissions the same and emits 2,884,615 WELL over the next 28 days:
Current rewards will expire at Fri, 16 Jun 2023 03:30:00 GMT
Proposed rewards will expire at Fri, 14 Jul 2023 03:30:00 GMT
- Current (estimated APR =
~42.01%) days:
1.1924 WELL / second103,022.07 WELL / day2,884,618.00 WELL / reward cycle (28 days)
- Proposed (estimated APR =
~42.01%):
1.1924 WELL / second103,021.97 WELL / day2,884,615.20 WELL / reward cycle (28 days)
Core Protocol Rewards
Below are the current markets supported by the Moonwell Protocol, along with the proposed adjustments to the reward outputs.
GLMR Market
|
|
| Latest price |
$0.2615 |
| Supplied |
26,718,410.80 GLMR |
| Borrowed |
7,222,616.38 GLMR |
| Supplied TVL |
$6,988,122.06 |
| Borrowed TVL |
$1,889,054.15 |
| Utilization |
27.03% |
| WELL Incentive Share |
21% |
| GLMR Incentive Share |
21% |
| Estimated APRs |
Current |
Proposed |
| Supply Side |
6.64% |
6.64% |
| Borrow Side |
-6.24% |
-6.24% |
WELL Incentives
|
Current |
Proposed |
| Supply Side |
0.4382 WELL / sec |
0.4382 WELL / sec |
| +0.00% |
37,860.57 WELL / day |
37,860.57 WELL / day |
|
1,060,096.09 WELL / cycle* |
1,060,096.09 WELL / cycle* |
|
|
|
| Borrow Side |
0 WELL / sec |
0 WELL / sec |
| +0% |
0 WELL / day |
0 WELL / day |
|
0 WELL / cycle* |
0 WELL / cycle* |
GLMR Incentives
|
Current |
Proposed |
| Supply Side |
0.0378 GLMR / sec |
0.0378 GLMR / sec |
| +0.00% |
3,268.96 GLMR / day |
3,268.96 GLMR / day |
|
91,530.81 GLMR / cycle* |
91,530.81 GLMR / cycle* |
|
|
|
| Borrow Side |
0 GLMR / sec |
0 GLMR / sec |
| +0% |
0 GLMR / day |
0 GLMR / day |
|
0 GLMR / cycle* |
0 GLMR / cycle* |
- Reward cycle is 28 days long
xcDOT Market
|
|
| Latest price |
$5.03 |
| Supplied |
821,805.50 xcDOT |
| Borrowed |
520,272.87 xcDOT |
| Supplied TVL |
$4,136,968.88 |
| Borrowed TVL |
$2,619,053.65 |
| Utilization |
63.31% |
| WELL Incentive Share |
13% |
| GLMR Incentive Share |
13% |
| Estimated APRs |
Current |
Proposed |
| Supply Side |
17.40% |
16.09% |
| Borrow Side |
-23.27% |
-23.27% |
WELL Incentives
|
Current |
Proposed |
| Supply Side |
0.3339 WELL / sec |
0.2713 WELL / sec |
| -23.08% |
28,846.15 WELL / day |
23,437.50 WELL / day |
|
807,692.26 WELL / cycle* |
656,249.96 WELL / cycle* |
|
|
|
| Borrow Side |
0 WELL / sec |
0 WELL / sec |
| +0% |
0 WELL / day |
0 WELL / day |
|
0 WELL / cycle* |
0 WELL / cycle* |
GLMR Incentives
|
Current |
Proposed |
| Supply Side |
0.0288 GLMR / sec |
0.0234 GLMR / sec |
| -23.08% |
2,490.63 GLMR / day |
2,023.64 GLMR / day |
|
69,737.76 GLMR / cycle* |
56,661.93 GLMR / cycle* |
|
|
|
| Borrow Side |
0 GLMR / sec |
0 GLMR / sec |
| +0% |
0 GLMR / day |
0 GLMR / day |
|
0 GLMR / cycle* |
0 GLMR / cycle* |
- Reward cycle is 28 days long
xcUSDT Market
|
|
| Latest price |
$1.00 |
| Supplied |
1,314,525.22 xcUSDT |
| Borrowed |
990,307.95 xcUSDT |
| Supplied TVL |
$1,314,682.96 |
| Borrowed TVL |
$990,426.79 |
| Utilization |
75.34% |
| WELL Incentive Share |
5% |
| GLMR Incentive Share |
5% |
| Estimated APRs |
Current |
Proposed |
| Supply Side |
7.91% |
9.28% |
| Borrow Side |
-3.84% |
-3.84% |
WELL Incentives
|
Current |
Proposed |
| Supply Side |
0.0835 WELL / sec |
0.1043 WELL / sec |
| +20.00% |
7,211.54 WELL / day |
9,014.42 WELL / day |
|
201,923.06 WELL / cycle* |
252,403.83 WELL / cycle* |
|
|
|
| Borrow Side |
0 WELL / sec |
0 WELL / sec |
| +0% |
0 WELL / day |
0 WELL / day |
|
0 WELL / cycle* |
0 WELL / cycle* |
GLMR Incentives
|
Current |
Proposed |
| Supply Side |
0.0072 GLMR / sec |
0.0090 GLMR / sec |
| +20.00% |
622.66 GLMR / day |
778.32 GLMR / day |
|
17,434.44 GLMR / cycle* |
21,793.05 GLMR / cycle* |
|
|
|
| Borrow Side |
0 GLMR / sec |
0 GLMR / sec |
| +0% |
0 GLMR / day |
0 GLMR / day |
|
0 GLMR / cycle* |
0 GLMR / cycle* |
- Reward cycle is 28 days long
FRAX Market
|
|
| Latest price |
$0.9991 |
| Supplied |
5,904,829.45 FRAX |
| Borrowed |
4,791,697.77 FRAX |
| Supplied TVL |
$5,899,275.37 |
| Borrowed TVL |
$4,787,190.70 |
| Utilization |
81.15% |
| WELL Incentive Share |
18% |
| GLMR Incentive Share |
18% |
| Estimated APRs |
Current |
Proposed |
| Supply Side |
10.04% |
10.34% |
| Borrow Side |
-7.11% |
-7.11% |
WELL Incentives
|
Current |
Proposed |
| Supply Side |
0.3547 WELL / sec |
0.3756 WELL / sec |
| +5.56% |
30,649.04 WELL / day |
32,451.92 WELL / day |
|
858,173.02 WELL / cycle* |
908,653.79 WELL / cycle* |
|
|
|
| Borrow Side |
0 WELL / sec |
0 WELL / sec |
| +0% |
0 WELL / day |
0 WELL / day |
|
0 WELL / cycle* |
0 WELL / cycle* |
GLMR Incentives
|
Current |
Proposed |
| Supply Side |
0.0306 GLMR / sec |
0.0324 GLMR / sec |
| +5.56% |
2,646.30 GLMR / day |
2,801.96 GLMR / day |
|
74,096.37 GLMR / cycle* |
78,454.98 GLMR / cycle* |
|
|
|
| Borrow Side |
0 GLMR / sec |
0 GLMR / sec |
| +0% |
0 GLMR / day |
0 GLMR / day |
|
0 GLMR / cycle* |
0 GLMR / cycle* |
- Reward cycle is 28 days long
ETH.wh Market
|
|
| Latest price |
$1,849.85 |
| Supplied |
2,560.82 ETH.wh |
| Borrowed |
979.79 ETH.wh |
| Supplied TVL |
$4,737,127.43 |
| Borrowed TVL |
$1,812,469.53 |
| Utilization |
38.26% |
| WELL Incentive Share |
15% |
| GLMR Incentive Share |
15% |
| Estimated APRs |
Current |
Proposed |
| Supply Side |
7.94% |
7.94% |
| Borrow Side |
-8.05% |
-8.05% |
WELL Incentives
|
Current |
Proposed |
| Supply Side |
0.3130 WELL / sec |
0.3130 WELL / sec |
| +0.00% |
27,043.27 WELL / day |
27,043.27 WELL / day |
|
757,211.49 WELL / cycle* |
757,211.49 WELL / cycle* |
|
|
|
| Borrow Side |
0 WELL / sec |
0 WELL / sec |
| +0% |
0 WELL / day |
0 WELL / day |
|
0 WELL / cycle* |
0 WELL / cycle* |
GLMR Incentives
|
Current |
Proposed |
| Supply Side |
0.0270 GLMR / sec |
0.0270 GLMR / sec |
| +0.00% |
2,334.97 GLMR / day |
2,334.97 GLMR / day |
|
65,379.15 GLMR / cycle* |
65,379.15 GLMR / cycle* |
|
|
|
| Borrow Side |
0 GLMR / sec |
0 GLMR / sec |
| +0% |
0 GLMR / day |
0 GLMR / day |
|
0 GLMR / cycle* |
0 GLMR / cycle* |
- Reward cycle is 28 days long
BTC.wh Market
|
|
| Latest price |
$26,588.71 |
| Supplied |
213.37 BTC.wh |
| Borrowed |
37.11 BTC.wh |
| Supplied TVL |
$5,673,111.55 |
| Borrowed TVL |
$986,646.33 |
| Utilization |
17.39% |
| WELL Incentive Share |
17% |
| GLMR Incentive Share |
17% |
| Estimated APRs |
Current |
Proposed |
| Supply Side |
5.04% |
5.99% |
| Borrow Side |
-4.72% |
-4.72% |
WELL Incentives
|
Current |
Proposed |
| Supply Side |
0.2921 WELL / sec |
0.3547 WELL / sec |
| +17.65% |
25,240.38 WELL / day |
30,649.04 WELL / day |
|
706,730.72 WELL / cycle* |
858,173.02 WELL / cycle* |
|
|
|
| Borrow Side |
0 WELL / sec |
0 WELL / sec |
| +0% |
0 WELL / day |
0 WELL / day |
|
0 WELL / cycle* |
0 WELL / cycle* |
GLMR Incentives
|
Current |
Proposed |
| Supply Side |
0.0252 GLMR / sec |
0.0306 GLMR / sec |
| +17.65% |
2,179.31 GLMR / day |
2,646.30 GLMR / day |
|
61,020.54 GLMR / cycle* |
74,096.37 GLMR / cycle* |
|
|
|
| Borrow Side |
0 GLMR / sec |
0 GLMR / sec |
| +0% |
0 GLMR / day |
0 GLMR / day |
|
0 GLMR / cycle* |
0 GLMR / cycle* |
- Reward cycle is 28 days long
USDC.wh Market
|
|
| Latest price |
$0.9999 |
| Supplied |
3,251,242.22 USDC.wh |
| Borrowed |
2,346,040.31 USDC.wh |
| Supplied TVL |
$3,251,073.64 |
| Borrowed TVL |
$2,345,918.67 |
| Utilization |
72.16% |
| WELL Incentive Share |
11% |
| GLMR Incentive Share |
11% |
| Estimated APRs |
Current |
Proposed |
| Supply Side |
9.43% |
8.32% |
| Borrow Side |
-3.67% |
-3.67% |
WELL Incentives
|
Current |
Proposed |
| Supply Side |
0.2713 WELL / sec |
0.2295 WELL / sec |
| -18.18% |
23,437.50 WELL / day |
19,831.73 WELL / day |
|
656,249.96 WELL / cycle* |
555,288.43 WELL / cycle* |
|
|
|
| Borrow Side |
0 WELL / sec |
0 WELL / sec |
| +0% |
0 WELL / day |
0 WELL / day |
|
0 WELL / cycle* |
0 WELL / cycle* |
GLMR Incentives
|
Current |
Proposed |
| Supply Side |
0.0234 GLMR / sec |
0.0198 GLMR / sec |
| -18.18% |
2,023.64 GLMR / day |
1,712.31 GLMR / day |
|
56,661.93 GLMR / cycle* |
47,944.71 GLMR / cycle* |
|
|
|
| Borrow Side |
0 GLMR / sec |
0 GLMR / sec |
| +0% |
0 GLMR / day |
0 GLMR / day |
|
0 GLMR / cycle* |
0 GLMR / cycle* |
- Reward cycle is 28 days long
Definitions
WELL - The Moonwell Artemis governance token
Liquidity Incentives - WELL tokens that have been allocated for use as rewards to incentivize liquidity growth.
Core - Moonwell Artemis lending protocol (Moonwell: DeFi’s Liquidity Well).
DEX LP - StellaSwapâs WELL/GLMR farm (StellaSwap - Leading Moonbeam DEX & DeFi Gateway).
Safety Module - Smart contract that allows users to stake their WELL tokens in order to earn liquidity incentives and help backstop the Moonwell protocol.
Reward Speed - The rate at which WELL tokens (on a per second basis) are distributed proportionally to DEX LPs, wallets staking in the Safety Module, and those supplying/borrowing on Moonwell.