Governance Call Recap
- Date: May 29th, 2025
- Time: 17:00 UTC
- Moderator: Alex from @Boardroom
- Recording Link: YouTube
Agenda
- Luke Youngblood on Anthias Labs Risk Management on Base and Mamo Updates
- 0xMims on New Coinbase Collateral Assets
- Introduction to Anthias Labs
- Andrew from Gauntlet on Monthly Recommendations
Meeting Notes:
- Luke Youngblood on Anthias Labs and Mamo Updates
- Luke began with an introduction to Mamo, a personal finance companion agent. It helps people who are new to crypto use Moonwell and navigate the intricacies of DeFi. Mamo can also put a user’s portfolio on autopilot and help make sure they are earning the best rate across the Morpho vaults and the Moonwell markets. He also recapped the history of Mamo and the team’s winning of the grand prizes in two different hackathons. Luke clarified that Mamo is serving as an extension of Moonwell and that the only circulating supply of MAMO is the airdrop; the liquidity pools that were created on Aerodrome and Virtuals’ platform are both locked forever. 70% of the airdrop went to WELL stakers and WELL holders. He finished by teasing upcoming strategies including BTC, ETH, and other markets and vaults beyond USDC.
- He mentioned this recent Tweet where he joined a livestream addressing interoperability across the Superchain and what that means for Moonwell. Later in the call, he teased the launch of Beam, an upcoming feature that uses the Superchain’s interoperability for lending and borrowing on Moonwell.
- In mid-May, Anthias Labs proposed to serve as a risk partner for Moonwell’s Base markets. Anthias Labs is an onchain advisory firm focused on DeFi risk management and system design; their partners include Felix Protocol, Arbitrum DAO, and Uniswap. They shared hypothetical risk recommendations for Moonwell for April. On May 19th, the proposal was submitted for a Snapshot vote. It was successful.
- 0xMims on New Coinbase Collateral Assets
- 0xMims started by discussing his new role as Governance Lead as an official contributor to the DAO. He gave an overview of his history, including FranklinDAO/Penn Blockchain and his current role as a Blockworks Strategist Consultant.
- In mid-May, Moonwell contributor Luke Youngblood created a forum discussion surrounding new upcoming Coinbase collateral assets. Four new blue chip collateral assets will be supported by Coinbase: cbXRP (Coinbase wrapped XRP/Ripple), cbDOGE (Coinbase wrapped DOGE), cbADA (Coinbase wrapped ADA/Cardano), and cbLTC (Coinbase wrapped LTC/Litecoin). Like cbBTC, Luke mentioned that they represent an opportunity for Moonwell support assets that have Coinbase’s unique blend of security and fungibility properties. 0xMims gave an overview of the proposal and outlined the opportunity to potentially list them on Moonwell; he called for delegates to draft asset listing proposals.
- Anthias Labs on Joining Moonwell as Risk Partner on Base Markets
- Charlie and Chris from Anthias Labs introduced themselves to the Moonwell community after their Snapshot proposal successfully passed this month.
- Base/Optimism/Moonbeam/Moonriver Monthly Recommendations
- Andrew came on to discuss Gauntlet’s latest monthly recommendations on risk parameters across the four Moonwell deployments.
- Base: Collateral factor was decreased for rETH. Reserve factor was increased for MORPHO. Supply Caps for wrsETH and MORPHO were increased. IR parameters were recommended to be adjusted for USDC, cbBTC, LBTC, tBTC, and VIRTUAL.
- Optimism: Supply Cap for wrsETH was increased. IR parameters were recommended to be adjusted for USDC, USDT, and DAI.
- Moonbeam: Borrow caps were decreased for WGLMR, xcUSDC, USDC.wh, and FRAX. Collateral factors were decreased for FRAX, USDC.wh, WBTC.wh, WGLMR, xcUSDC, and xcUSDT.
- Moonriver: Borrow caps were decreased for FRAX and WMOVR.
Other Links:
June Governance Call
Moonwell governance calls take place on the last Thursday of each month at 17:00 UTC. The next call will be on June 26th, 2025.