# MIP-63 Rebalancing of Moonbeam Token Liquidity Incentives **URL:** \ **Category:** Proposals\ **Tags:** mip, moonbeam\ **Created:** [August 4, 2023, 1:38am UTC](https://forum.moonwell.fi/t/mip-63-rebalancing-of-moonbeam-token-liquidity-incentives/550 "2023-08-04T01:38:28Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![Curly](https://avatars.discourse-cdn.com/v4/letter/c/91b2a8/32.png) [@Curly](https://forum.moonwell.fi/u/Curly)\ **Post date:** [August 4, 2023, 1:38am UTC](https://forum.moonwell.fi/t/mip-63-rebalancing-of-moonbeam-token-liquidity-incentives/550/1 "2023-08-04T01:38:28Z")
# MIP-63 Rebalancing of Moonbeam Token Liquidity Incentives This is an automated proposal generated by the Moonwell Market Reward Adjustment Tool. - **Submitter** : Curly - **Generator Version** : 1.0.16 - **Generated At** : Thu, 03 Aug 2023 19:21:12 GMT - **Network** : Moonbeam - **Block Height** : 4,135,719 The submitter (`Curly`), as part of this proposal, will get `10,000 WELL` sent to their wallet at `0x9F94Ff95cbC403cbfC18802eDEAeF71dA8155f36`. # Safety Module At the time this proposal was generated there was `357,613,464` **WELL** staked in the **Safety Module** , with a valuation of `$3,095,250.12` (based on a **WELL** price of `$0.008655` 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 = `~23.67%`): - `2.6829` WELL / **second** - `231,799.44` WELL / **day** - `6,490,384.20` WELL / **reward cycle (28 days)** - Proposed (estimated APR = `~23.67%`): - `2.6829` WELL / **second** - `231,799.44` WELL / **day** - `6,490,384.20` WELL / **reward cycle (28 days)** # DEX Liquidity Pool Rewarder At the time this proposal was generated there were `30,025,985` **WELL** and `1,142,858` **GLMR** provided by liquidity providers in the **StellaSwap** **WELL** / **GLMR** pool totaling `$519,767.53`. 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, 11 Aug 2023 03:30:00 GMT** Proposed rewards will expire at **Fri, 08 Sep 2023 03:30:00 GMT** - Current (estimated APR = `~62.66%`) days: - `1.1924` WELL / **second** - `103,022.07` WELL / **day** - `2,884,618.00` WELL / **reward cycle (28 days)** - Proposed (estimated APR = `~62.66%`): - `1.1924` WELL / **second** - `103,021.97` WELL / **day** - `2,884,615.20` 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 | **$0.2274** | | Supplied | **23,393,740.44** GLMR | | Borrowed | **8,098,831.82** GLMR | | Supplied TVL | **$5,319,694.00** | | Borrowed TVL | **$1,841,659.62** | | Utilization | **34.62%** | | WELL Incentive Share | **18%** | | GLMR Incentive Share | **18%** | | **Estimated APRs** | Current | Proposed | | --- | --- | --- | | Supply Side | **8.53%** | **6.82%** | | Borrow Side | **-7.46%** | **-7.46%** | > #### **WELL** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.3965** WELL / sec | **0.3756** WELL / sec | | -5.56% | **34,254.81** WELL / day | **32,451.92** WELL / day | | | **959,134.55** 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** | **0.0342** GLMR / sec | **0.0223** GLMR / sec | | -53.36% | **2,957.63** GLMR / day | **1,928.57** GLMR / day | | | **82,813.59** GLMR / cycle\* | **54,000.00** 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 | **$5.01** | | Supplied | **798,116.78** xcDOT | | Borrowed | **489,636.34** xcDOT | | Supplied TVL | **$3,997,496.57** | | Borrowed TVL | **$2,452,422.58** | | Utilization | **61.35%** | | WELL Incentive Share | **13%** | | GLMR Incentive Share | **13%** | | **Estimated APRs** | Current | Proposed | | --- | --- | --- | | Supply Side | **13.69%** | **11.91%** | | Borrow Side | **-16.23%** | **-16.23%** | > #### **WELL** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.2921** WELL / sec | **0.2713** WELL / sec | | -7.69% | **25,240.38** WELL / day | **23,437.50** WELL / day | | | **706,730.72** 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** | **0.0252** GLMR / sec | **0.0161** GLMR / sec | | -56.46% | **2,179.31** GLMR / day | **1,392.86** GLMR / day | | | **61,020.54** GLMR / cycle\* | **39,000.00** 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 | **$0.9993** | | Supplied | **1,792,324.32** xcUSDT | | Borrowed | **1,361,898.43** xcUSDT | | Supplied TVL | **$1,791,069.69** | | Borrowed TVL | **$1,360,945.10** | | Utilization | **75.99%** | | WELL Incentive Share | **7%** | | GLMR Incentive Share | **7%** | | **Estimated APRs** | Current | Proposed | | --- | --- | --- | | Supply Side | **8.31%** | **8.82%** | | Borrow Side | **-4.86%** | **-4.86%** | > #### **WELL** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.1043** WELL / sec | **0.1461** WELL / sec | | +28.57% | **9,014.42** WELL / day | **12,620.19** WELL / day | | | **252,403.83** WELL / cycle\* | **353,365.36** 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** | **0.0090** GLMR / sec | **0.0087** GLMR / sec | | -3.78% | **778.32** GLMR / day | **750.00** GLMR / day | | | **21,793.05** GLMR / cycle\* | **21,000.00** 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 | **$0.9982** | | Supplied | **5,894,463.05** FRAX | | Borrowed | **4,811,061.90** FRAX | | Supplied TVL | **$5,883,914.20** | | Borrowed TVL | **$4,802,451.93** | | Utilization | **81.62%** | | WELL Incentive Share | **20%** | | GLMR Incentive Share | **20%** | | **Estimated APRs** | Current | Proposed | | --- | --- | --- | | Supply Side | **11.75%** | **10.70%** | | Borrow Side | **-8.38%** | **-8.38%** | > #### **WELL** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.3965** WELL / sec | **0.4173** WELL / sec | | +5.00% | **34,254.81** WELL / day | **36,057.69** WELL / day | | | **959,134.55** WELL / cycle\* | **1,009,615.32** 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** | **0.0342** GLMR / sec | **0.0248** GLMR / sec | | -38.02% | **2,957.63** GLMR / day | **2,142.86** GLMR / day | | | **82,813.59** GLMR / cycle\* | **60,000.00** 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 | **$1,842.27** | | Supplied | **1,713.10** ETH.wh | | Borrowed | **498.46** ETH.wh | | Supplied TVL | **$3,155,992.77** | | Borrowed TVL | **$918,306.41** | | Utilization | **29.10%** | | WELL Incentive Share | **11%** | | GLMR Incentive Share | **11%** | | **Estimated APRs** | Current | Proposed | | --- | --- | --- | | Supply Side | **9.31%** | **6.73%** | | Borrow Side | **-7.74%** | **-7.74%** | > #### **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 | **0.0136** GLMR / sec | | -71.70% | **2,023.64** GLMR / day | **1,178.57** GLMR / day | | | **56,661.93** GLMR / cycle\* | **33,000.00** 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 | **$29,230.38** | | Supplied | **182.27** BTC.wh | | Borrowed | **37.57** BTC.wh | | Supplied TVL | **$5,327,792.08** | | Borrowed TVL | **$1,098,196.76** | | Utilization | **20.61%** | | WELL Incentive Share | **18%** | | GLMR Incentive Share | **18%** | | **Estimated APRs** | Current | Proposed | | --- | --- | --- | | Supply Side | **7.78%** | **5.72%** | | Borrow Side | **-5.22%** | **-5.22%** | > #### **WELL** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.4173** WELL / sec | **0.3756** WELL / sec | | -11.11% | **36,057.69** WELL / day | **32,451.92** WELL / day | | | **1,009,615.32** 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** | **0.0360** GLMR / sec | **0.0223** GLMR / sec | | -61.43% | **3,113.29** GLMR / day | **1,928.57** GLMR / day | | | **87,172.20** GLMR / cycle\* | **54,000.00** 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 | **$1.00** | | Supplied | **3,606,205.67** USDC.wh | | Borrowed | **2,796,724.51** USDC.wh | | Supplied TVL | **$3,607,172.03** | | Borrowed TVL | **$2,797,473.94** | | Utilization | **77.55%** | | WELL Incentive Share | **13%** | | GLMR Incentive Share | **13%** | | **Estimated APRs** | Current | Proposed | | --- | --- | --- | | Supply Side | **8.41%** | **8.50%** | | Borrow Side | **-4.97%** | **-4.97%** | > #### **WELL** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.2087** WELL / sec | **0.2713** WELL / sec | | +23.08% | **18,028.85** WELL / day | **23,437.50** WELL / day | | | **504,807.66** 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** | **0.0180** GLMR / sec | **0.0161** GLMR / sec | | -11.76% | **1,556.65** GLMR / day | **1,392.86** GLMR / day | | | **43,586.10** GLMR / cycle\* | **39,000.00** 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](https://moonwell.fi/artemis)). **DEX LP** - StellaSwap’s WELL/GLMR farm ([StellaSwap - Leading Moonbeam DEX & DeFi Gateway](https://app.stellaswap.com/farm)). **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. * * * Config Hash: `45b54e784dc6a8cddf8b14f107d4361a40097153d10471fd8f12c7f842c6540d` Proposal Config * * *