rETH market is now activated on Moonwell Base deployment.
Reward rates for rETH have been updated to help bootstrap liquidity for the market.
| rETH Reward stream | Emissions per sec (before) | Emissions per sec (after) |
|---|---|---|
| WELL Supply-side | 0 | 0.05705557463 |
| WELL Borrow-side | 0 | 0 |
| USDC Supply-side | 0 | 0 |
| USDC Borrow-side | 0 | 0 |
| Total supply (%of supply cap) | 0% | 25% | 50% | 75% | 100% |
|---|---|---|---|---|---|
| rETH Supply WELL APR | ∞% | 18.34% | 9.17% | 6.11% | 4.59% |
Rewards were shifted from ETH market towards rETH.
- ETH market utilization is standing at healthy levels from a risk perspective
- Reducing rewards by 0.057 WELL/second for ETH is less detrimental relative to other markets
| WELL allocation | cbETH | DAI | USDbC | USDC | ETH | wstETH | rETH |
|---|---|---|---|---|---|---|---|
| Supply-side | 20.00% | 20.00% | 0.00% | 20.00% | 38.00% → 37.00% | 2.00% | 0.00% → 1.00% |
| Borrow-side | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |