Monthly Governance Calls

Announcements & Updates Updates
8

Governance Call Recap - Aug 1st, 2024

Agenda

  1. Introduction and Announcements from @boardroom and @majin
  2. Aerodrome Rewards & a Special Message from @WardenFinance
  3. Adding Swell Network’s LRT market to Moonwell from @kilian_swell

Meeting Notes:

  • @alex from Boardroom gave a brief introduction and announced an update to the ongoing Galxe campaign. First: all of the voter data has been added to the credential sheets for the July campaign and an update will be posted in the July Campaign Discord channel after funds are sent out to the 20 winners. The four proposals that went live on July 31st - the automated reward speed proposals for Base, Optimism, Moonbeam, and Moonriver - will be counted for the August campaign. The third and final campaign for August was posted after this call. He lastly noted that we’ve had great turnout on proposals this month; the previous high was 145 on the Based Voter campaign proposal, but this month we’re averaging 195 votes, with the maximum being 237.
  • Lunar Labs Update
    • @majin started by thanking Moonwell contributors and community members. He let the community know about the upcoming monthly risk parameter recommendations from Gauntlet which are likely to be posted on Monday; they will set the initial collateral factors on Optimism which were set to 0 for safety reasons. The proposals should be executed the following Saturday, and borrowing can then be enabled. He went on to discuss a change in the structure of the reward speed proposals as Warden Finance’s contract period with Moonwell is coming to an end. A new custom tool was developed to update reward speed proposals on all networks. It submits governance proposals automatically every 28 days. He encouraged listeners to vote on the four reward speed proposals that are currently live to help reach quorum. He then mentioned the increase in forum posts related to adding new markets for liquid staking tokens and he gave an overview of the process for creating these proposals. Finally, he brought up the Basecamp livestream and Moonwell Radio Episode 4 on Twitter/X.
  • Hugo from Warden Finance on Aerodrome Rewards and a Final Update
    • Warden Finance previously updated the community on changes and updates to the reward distributions for Moonwell. Warden’s role as a contributor is now solely managing Aerodrome rewards until the end of August. He first walked through the history of Warden Finance’s contributions to Moonwell. He thanked everyone who’s been involved in the last year+ of Warden’s contributions to Moonwell, including Gauntlet and Lunar Labs.
  • Swell Network on Adding an LRT market to Moonwell
    • Swell Network is one of the leading liquid staking & liquid restaking protocols with over $1.5b in deposits and over 48,000 depositors. The protocol issues a liquid staking token (LST), swETH, and a liquid restaking token (LRT), rswETH. The upcoming proposal seeks to add a market to Moonwell on Base for rswETH. The speaker discussed the general overview of the token and noted that withdrawals just went live two days ago, making the LRT a complete product. In three to four weeks, native minting will be live. In the meantime, before the proposal goes to a Snapshot signal vote, they are working on finishing the proposal, including adding oracle information.

Other Links:

View the Slides here.

Be sure to attend the next call on the first Thursday of September!

We host calls on the first Thursday of every month, 17:00 UTC.

Next Call: September 5th, 2024.